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In Costs

District Court enforces interim award for reimbursement of costs of arbitration

by and 4 Mins Read

Trajkovski Invest AB v. I.Am.Plus Electronics, Inc., No. 2:20-cv-00152-ODW (C.D. Cal. May 7, 2020) [click for opinion]. Petitioners, a collection of Swedish technology start-up entrepreneurs owning shares in the Bluetooth headphone company, Earin AB, sought damages from Respondent I.Am.Plus Electronics, Inc. for breaching a contract under which Respondent agreed to purchase Earin AB. Petitioners filed a request for arbitration with the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) to resolve the dispute. Article…

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In Costs

Why Third Party Funding is on the rise in England & Wales

by , and 13 Mins Read

Third party funding is a relatively new phenomenon in the UK; historically it had been viewed by the Courts as unethical and contrary to public policy amid fears that it promoted unmeritorious claims being brought before the Courts and resulted in conflicts of interest, both actual and perceived; such arrangements would therefore often be deemed unenforceable. Nowadays, however, third party funding arrangements are generally permissible, are becoming better understood by lawyers and the courts alike,…

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In Asia-Pacific

Security for costs – Renunciation of the standards set up in “RSM v. Saint Lucia”?

by and 7 Mins Read

Can a tribunal order an impecunious claimant to pay security for costs? This is an often debated topic both in commercial and in investment arbitration. In recent years, several investment arbitration tribunals have dealt with applications for security for costs: – Rawat v. Mauritius (cf. article on GAN) – RSM v. Saint Lucia (cf. article on GAN) – Muhammet Çap & Sehil Inşaat Endustri ve Ticaret Ltd. Sti. v. Turkmenistan (cf. article on GAN) Once…

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In Asia-Pacific

Singapore Expected to Allow Third Party Funding for International Arbitration in Early 2017

by and 4 Mins Read

Recent Developments In mid-2016, the Singapore Ministry of Law conducted a public consultation on legislative amendments to introduce a legal framework for third party funding for international arbitration in Singapore. These legislative amendments were introduced in a first reading in Parliament on 7 November 2016. They are expected to be passed by Parliament shortly after the next available sitting, which is currently scheduled to take place on 9 January 2017. This update looks at the…

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