$1.4B Arbitration Windfall A Beacon For Private Funders
Law360, New York (May 5, 2016, 2:57 PM EDT) -- The heated debate over private funders entering into investor-state disputes by backing arbitration cases for a cut of an award will intensify following a recent $1.38 billion arbitration decision for a Canadian miner, one of the largest in recent years, experts say.
The legal conflict between Toronto-based Crystallex International Corp. and the Venezuelan government is far from over, but experts say the unanimous decision from a Washington, D.C.-based tribunal will likely draw more private investment into these risky disputes and buttress arguments from litigation funders that they have a legitimate role in helping press worthy claims against governments.
The successful arbitration...
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