The Third-Party Funding in Arbitration: A Challenge in Times of Crisis
Date
2021-04-15
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Coadvisor
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Language
English
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Abstract
Arbitration as a way of resolving disputes between companies is essentially linked to
the advantages of arbitration, especially with the speed and neutrality of arbitration,
as well as the confidentiality, the possibility of choosing arbitrators with precise
technical knowledge in the area of litigation, among others. The parties choose
arbitration as a means of resolving disputes, relating to interests of an equity nature,
bearing in mind that for some legislators the emphasis is on the availability of rights,
arising from the contractual relationship that unites them. The payment of costs is a
sine qua non condition for the constitution of the arbitral tribunal. The parties must
proceed with the payment of taxes and fees, respectively to the arbitration center they
have chosen and the arbitrators they have chosen. Considering that the economic
situation of the companies may fluctuate, either during the execution of the main
contract, or when the dispute arises, the constitution of the arbitral tribunal and
during the procedural iter, the possibility of financing the arbitration was outlined.
Third-Party Funding is a figure that involves a third-party, unrelated to the
litigation, who will defray the expenses due by one of the parties to the arbitration. It
will have as a counterpart the participation in the eventual financial result achieved
through the success of the arbitration. As a methodology, in addition to analyzing the
state of the art, we will indicate real cases and the reasons for the growth of this
instrument, without forgetting the ethical issues involved.
Keywords
Arbitration, Companies, Disputes, Ethic, Financing
Document Type
Journal article
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Citation
Mimoso, M. J., & Pinto, J. L. (2021). The Third-Party Funding in Arbitration: A Challenge in Times of Crisis. European Journal of Marketing Economics, 4(1), 57-67. Disponível no Repositório UPT, http://hdl.handle.net/11328/3481
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Open Access