RGNUL FINANCIAL AND MERCANTILE LAW REVIEW

Introduction In 1965 an international arbitration institution was established under the name of The International Centre for Settlement of Investment Disputes (“ICSID”) to deal with legal dispute resolution and conciliation between international investors and Member States. This institute is an autonomous, multilateral specialized institution to encourage international flow of investment and mitigate non-commercial risks by a treaty drafted by the International Bank for Recon

Introduction When a person, institution or organisation not involved in the arbitration provides funding to a party of that arbitration, for an agreed return, it is termed as third party funding. The third party usually covers the party’s legal fees and expenses incurred in the arbitration. Insurance agencies, venture banks, law offices have now entered the third party funding market. Third party funding, or “case fund” as it is referred to, has undergone an era of developmen