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DTSTAMP:20260418T235058Z
DTSTART:20171010T093000Z
DTEND:20171010T104500Z
SUMMARY:Sell your judgment/award! Third-party funding for litigation and 
 arbitration proceedings\, including funding of enforcement of judgments 
 and arbitral awards
DESCRIPTION:Australia is the birthplace of modern litigation funding. In 
 recent years\, third-party funding has become a significant force in int
 ernational litigation and arbitration. The funder\, which has no prior i
 nterest in the dispute\, funds the legal costs and expenses of a claiman
 t\, typically on the basis that the funder will be paid out of the proce
 eds of any recovery following a successful outcome. Funding offers benef
 its to claimants in terms of access to justice and spreading the risk of
  complex legal proceedings. Courts in many jurisdictions have determined
  that funding is permissible in appropriate cases\, but the terms of the
  funding agreement may have to be disclosed and may require court approv
 al. Challenges can be brought to the terms of the funding agreement by t
 he opposing party. While funding provides considerable benefits to the c
 laimant\, it can also introduce legal and practical challenges for manag
 ing the relationship between the funder and counsel\, as well as between
  counsel and the client.\n\nThis session will explore the latest issues 
 and trends in third-party funding\, and include commentary from counsel\
 , funders and an arbitrator on how funding has affected the conduct of l
 itigation and arbitration. Counsel will address the challenges of the th
 ree-way relationship between the client\, funder and counsel. The funder
 s will address how they scrutinise legal claims and risks\, the flexibil
 ity of funding arrangements and how they can be tailored to the needs of
  the claimant\, and the extent of involvement that funders expect to hav
 e in the management of the dispute. The arbitrator will address the exte
 nt to which funding affects arbitration and potential conflict issues th
 at can arise where funders are involved in multiple cases involving the 
 arbitrator or their firm.
LOCATION:Room C3.6\, Convention Centre\, Level 3
UID:131c8763-edcd-4ca7-aa7f-9e964b9d4485
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