BCDR International Arbitration Review
December 2018 – Volume 5 Issue 2
Page 161

Recent Developments in Third-Party Funding in Investor-State Arbitration
Carolyn B. Lamm & Eckhard R. Hellbeck


This article provides an update on key recent developments in investor-state arbitration concerning various aspects of third-party funding. These include the obligation to disclose third-party funding and the scope of such disclosure obligations; the implications of third-party funding for the allocation of costs and security for costs applications; the funder's influence on the funded party; and confidentiality and privilege issues. The article begins with a brief overview of related developments in national legislation and case law, which have been influential in driving trends in investor-state arbitration, but which also are important to keep in mind when it comes to enforcing an arbitral award.