Acceso a la justicia, prácticas abusivas y el paraíso de los apostadores
third party funding en la práctica arbitral internacional
Keywords:
International arbitration, Third-party funding, Access to justice, Conflicts of interest, Duty of disclosure, Provisional measures, Costs, Security for costsAbstract
In this paper, we analyze third party funding in international arbitration. Even though its regulation is scarce, third party funding is a well established practice and is generally accepted by arbitral tribunals. But its existence can result in a series of issues that arbitrators must solve. Thus, the presence of a funder may result in conflicts of interest; in the submission of abusive or speculative claims; or in the frustration of the execution of an adverse award on costs. After giving a general concept of third party funding and describing how it works, we analyze how arbitral tribunals faced these issues. In particular, we analyze the different duties of disclosure imposed on parties and the weight given to the existence of third party unding when granting security for costs.
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References
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BORN, G., International Commercial Arbitration, Segunda Edición, Kluwer Law International, 2014.
COMMISSION, J., “How much does an ICSID arbitration cost? A snapshot of the last five years”, disponible en Kluwer Arbitration Blog: arbitrationblog.kluwerarbitration.com.
CRAIG, L., PARK, W., PAULSSON, J., International Chamber of Commerce Arbitration, Tercera Edición, Oceana Publications, 2000.
DARWAZEH, N., LELEU, A., “Disclosure and security for costs or how to address imbalances created by third-party funding”, en Journal of International Arbitration, volume 33, Kluwer Law International, 2016.
EBERHARDT, P., OLIVET, C., “Profiting from injustice. How law firms, arbitrators and financiers are fuelling an investment arbitration boom”, Corporate Europe Observatory and the Transnational Institute, 2012.
FERNÁNDEZ MASIÁ, E., “La Financiación por Terceros en el Arbitraje Internacional. Third Party Funding in International Arbitration”, en Cuadernos de Derecho Transnacional, volumen 8, Nº 2, 2016.
GAILLARD, E., SAVAGE, J. (eds.), Fouchard, Gaillard, Goldman on International Commercial Arbitration, Kluwer Law International, La Haya, 1999.
GAUKRODGER, D., GORDON, K., “Investor-State Dispute Settlement: a scoping paper for the investment policy community”, OECD Working Papers on International Investment 2012/03.
GU, W., “Security for Costs in International Commercial Arbitration”, en Journal of International Arbitration, volumen 22, Nº 3, Kluwer Law International, 2005.
HARWOOD, M., BATIFORT, S., TRAHANAS, C.,“Third-party funding: security for costs and other key issues”, en LEGUM, B. (ed.), Investment treaty arbitration review, Segunda Edición, The Law Reviews, 2017.
KIRTLEY, W., WIETRZYKOWSKI, K., “Should an Arbitral Tribunal Order Security for Costs When an Impecunious Claimant Is Relying upon Third-Party Funding?”, en Journal of International Arbitration, Volumen 30, Nº 1, Kluwer Law International, 2013.
KRÖLL, S., LEW, J., MISTELIS, L., Comparative International Commercial Arbitration, Kluwer Law International, 2003.
MOSES, M., The Principles and Practice of International Commercial Arbitration, Segunda Edición, Cambdridge University Press, Nueva York, 2016.
PARK, W., ROGERS, C., “The arbitration agreement and arbitrability, third-party funding in international arbitration: The ICCA-Queen Mary Task Force”, en Austrian Yearbook on International Arbitration, Nº 113, 2015.
VON GOELER, J., Third-Party Funding in International Arbitration and its Impact on Procedure, International Arbitration Law Library, Volume 35, Kluwer Law International, 2016.
WAINCYMER, J., Procedure and evidence in International Arbitration, Kluwer Law International, 2012. “Report of the ICCA-Queen Mary task force on third-party funding in international arbitration”, The ICCA Reports No. 4, Abril 2018.
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Published
2019-06-03
How to Cite
Garino Podestá, J., & Picardo González, S. (2019). Acceso a la justicia, prácticas abusivas y el paraíso de los apostadores: third party funding en la práctica arbitral internacional. Revista De Derecho, 18(35), 39–60. Retrieved from http://revistas.um.edu.uy/index.php/revistaderecho/article/view/407
Issue
Section
Doctrine
