The ICC’s Commission on Arbitration and ADR launched its Guide for In-House Counsel and Other Party Representatives on Effective Management of Arbitration in June 2014. The guide is designed “to provide in-house counsel and other party representatives, such as managers and government officials, with a practical toolkit for making decisions on how to conduct an arbitration in a time- and cost-effective manner, having regard to the complexity and value of the dispute.”
We have covered litigation funding on several occassions. Third party funding is becoming increasingly relevant not only in litigation – a topic that I will address at the C5 Conference in London on November 29, 2012 – but also in arbitration.
Therefore, the ICC Institute devotes its Annual Meeting 2012 to the issue, in recognition of the fact that, as the ICC put it, “the solution offered by third-party funding has undoubtedly become a fact of life in the world of arbitration, despite reservations in some quarters.” The conference will consider the various funding techniques specific to international arbitration and look at some of the legal issues raised by such funding and the reactions it may arouse amongst international arbitration practitioners. Details can be found here.