Costs of raising third party funding to pursue claims in arbitration can be recovered, says High Court

Third party funding2016 | Septiembre 20
Businesses can recover third party funding they have raised to pursue arbitration claims seated in England from the companies they litigate against, the High Court in London has ruled.

The High Court has now confirmed that the costs of obtaining third party funding in arbitrations in England are in principle recoverable from the opposition by a successful party to those proceedings. His Honour Judge Waksman QC, sitting as a High Court judge, said those costs can be classed as “other costs” under the Arbitration Act 1996. It was in the power of the arbitration tribunal to award such costs, he said.

Origen:
Costs of raising third party funding to pursue claims in arbitration can be recovered, says High Court

Anuncios

Un pensamiento en “Costs of raising third party funding to pursue claims in arbitration can be recovered, says High Court

Adelante! Comparte tu conocimiento y experiencia