Since its establishment in 2013, the ICCA-Queen Mary task force on third-party funding in arbitration has been working on a draft report with the objective to identify and study the issues that arise in relation to this industry and to determine what outputs, if any, would be appropriate to address them.
Several subcommittees composed of professionals with various backgrounds and a variety of activities in the field (attorneys, academics, arbitrators, in-house lawyers, funders and government representatives) devoted time and extraordinary efforts to confront their views on very specific issues. These included conflicts of interest, disclosure, costs, best practices as well as principles equally applicable to investment arbitration.
The Task Force’s released its Draft Report for Public Discussion on September 1st which is available here. It is open for public comment until 31 October and the final Report is expected to be launched at the ICCA Congress in Sydney in April 2018. In the meantime, several meetings in which this draft report will be presented and discussed will take place throughout the world.
The first one was held in Lisbon on Monday 9 October. Alain Grec, Director of La Française International Claims Collection, was invited to present the work of the Best Practices sub-committee, of which he was a member.