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Third-party funding of arbitration: International experience and possible use in Russia

"The author considers the funding of arbitration by third parties (hereinafter – TPF), which is a comparatively new development in the case of both Russian and foreign law. He analyzes different definitions of such financing and the TPF mechanism; its advantages and drawbacks, inter alia, related to the champerty and maintenance doctrines; disclosure obligations in arbitration and possible conflicts of interest in connection with TPF; the recovery and security of arbitration costs in the case of TPF, and also the practice of regulating TPF in certain foreign countries. This represents the first attempt in Russian doctrine to provide comprehensive insight on TPF in Russia from the perspectives of substantive and procedural law.

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