Daria Davitti
Senior lecturer
Litigation Finance and the Assetization of International Investment Arbitration
Author
Summary, in English
Third Party Funding (TPF) is presented as a tool to help fund the cost of expensive litigation. In the context of Investment Arbitration, however, TPF has instead led to the commodification of justice, and raises concerns around its assetization. Arbitration often comes at a net loss for States, and the extraordinary expenditures required my pique the interest of third party funders who wish to profit from suing States. A two-fold movement contributed to the assetization process of TPF. The first movement was to package TPF as a tool to ensure access to justice, and the second was to assert a 'funding gap' in access to justice that ad hoc TPF alone could not address. TPF leads to more claims and riskier claims against States and increases the risk of crippling compensation. This requires States to allocate public funds to the cost of litigation, rather than to other necessary public services.
Department/s
- Department of Law
- Environmental Law
- Health Law
- Human Rights Law
- Public International Law
- LU Profile Area: Human rights
Publishing year
2023-06-30
Language
English
Pages
487-500
Publication/Series
The Journal of World Investment & Trade
Volume
24
Links
Document type
Journal article
Publisher
Brill
Topic
- Law
Keywords
- International law
- Trade law
- Internationell rätt
- Handelsrätt
Status
Published
Research group
- Environmental Law
- Health Law
- Human Rights Law
- Public International Law
ISBN/ISSN/Other
- ISSN: 2211-9000