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…
Eolica Tres Mesas, S. de R.L. de C.V. v. Abengoa Mexico S.A. de C.V., No. 1:18-cv-07505 (S.D.N.Y. Feb.…
The Hong Kong Government has just announced that the provisions permitting third party funding in arbitrations will operate…
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,…
Litigation funding, sometimes called third-party funding or litigation finance, is becoming increasingly popular in Switzerland these days. One…
Can a tribunal order an impecunious claimant to pay security for costs? This is an often debated topic…
On 11 January 2017, the arbitral tribunal in the investor-state arbitration between a French-Mauritian businessman (the “Claimant”) and the Republic of Mauritius (“Mauritius”) [1] issued a decision (i) on Claimant’s application to order Mauritius to pay the full advance on costs and (ii) on Mauritius application to order Claimant to pay security for costs. Both requests were denied.[2] The PCA administered arbitration was initiated by Claimant in November 2015 because Mauritius allegedly violated the France-Mauritius…
Key Points
Recent Developments In mid-2016, the Singapore Ministry of Law conducted a public consultation on legislative amendments to introduce…
On 15 December 2016, the Hong Kong International Arbitration Centre (“HKIAC”) released its data on the costs and duration of an HKIAC arbitration, following the release of similar data by the Singapore International Arbitration Centre (“SIAC”) on 10 October 2016, the Arbitration Institute of the Stockholm Chamber of Commerce (“SCC”) on 24 February 2016, and the London Court of International Arbitration (“LCIA”) on 3 November 2015. These statistics enable users to reach a more informed…