Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
The third-party funding (TPF) market has been growing rapidly in the last few years, especially in the international arbitration field. The benefits along with the potential risks TPF could bear have received a lot of attention. Accordingly, the industry’s appetite for TPF has grown exponentially in...
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2022
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| Source: | Revista de la Secretaría del Tribunal Permanente de Revisión, ISSN 2307-5163, Vol. 10, Nº. 19, 202225 pags. |
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dialnet-ar-18-ART00015652502023-01-03Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR OverviewMarengo Irala, MauricioArbitraje InternacionalFinanciamiento de TercerosMERCOSURInternational ArbitrationThird-Party FundingMERCOSURThe third-party funding (TPF) market has been growing rapidly in the last few years, especially in the international arbitration field. The benefits along with the potential risks TPF could bear have received a lot of attention. Accordingly, the industry’s appetite for TPF has grown exponentially in short timeframe. Since 2012, this industry has increased by over 500%, with a significant increase of TPF financial support occurring the Arbitration system and the rising number of active funders looking for viable opportunities.Considering that “precious little is stated with regards to disclosure”, it has been assessed whether disclosure should be mandatory in order to avoid the possible existence of conflicts of interest between an arbitrator and the funder. This is of particular relevance when it is considered that arbitral institutions establish and ensure that an arbitrator’s independence and impartiality are a must3, yet the arbitral institutions little say regarding the TPF agreements and their impact on arbitrator’s impartiality or independence should a conflict arises.El mercado de financiación de terceros (TPF) ha crecido rápidamente en los últimos años, especialmente en el campo del arbitraje internacional.Sus beneficios junto con los riesgos que podría soportar han recibido mucha atención. En consecuencia, el apetito de la industria por TPF ha crecido exponencialmente en un corto período de tiempo. Desde 2012, esta industria aumentó en más del 500%, en cuanto a la cantidad de acuerdos de financiamiento celebrados y el volumen de financiadores activos en buscade oportunidades viables.En este sentido, considerando que “se dice muy poco en cuanto a la divulgación”, se analiza si la divulgación debe ser obligatoria para evitar la posible existencia de conflictos de interés entre un árbitro y el financiador. Esto cobra relevancia si se tiene en cuenta que las instituciones arbitrales establecen que la independencia e imparcialidad del árbitro son indispensables,pero poco dicen respecto a los acuerdos TPF y su impacto en la imparcialidad o independencia del árbitro en caso de conflicto.2022text (article)application/pdfhttps://dialnet.unirioja.es/servlet/oaiart?codigo=8709185(Revista) ISSN 2304-7887(Revista) ISSN 2307-5163Revista de la Secretaría del Tribunal Permanente de Revisión, ISSN 2307-5163, Vol. 10, Nº. 19, 202225 pags. engLICENCIA DE USO: Los documentos a texto completo incluidos en Dialnet son de acceso libre y propiedad de sus autores y/o editores. Por tanto, cualquier acto de reproducción, distribución, comunicación pública y/o transformación total o parcial requiere el consentimiento expreso y escrito de aquéllos. Cualquier enlace al texto completo de estos documentos deberá hacerse a través de la URL oficial de éstos en Dialnet. Más información: https://dialnet.unirioja.es/info/derechosOAI | INTELLECTUAL PROPERTY RIGHTS STATEMENT: Full text documents hosted by Dialnet are protected by copyright and/or related rights. This digital object is accessible without charge, but its use is subject to the licensing conditions set by its authors or editors. Unless expressly stated otherwise in the licensing conditions, you are free to linking, browsing, printing and making a copy for your own personal purposes. All other acts of reproduction and communication to the public are subject to the licensing conditions expressed by editors and authors and require consent from them. Any link to this document should be made using its official URL in Dialnet. More info: https://dialnet.unirioja.es/info/derechosOAI
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Revista de la Secretaría del Tribunal Permanente de Revisión, ISSN 2307-5163, Vol. 10, Nº. 19, 202225 pags.
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| language |
English
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Arbitraje Internacional
Financiamiento de Terceros MERCOSUR International Arbitration Third-Party Funding MERCOSUR |
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Arbitraje Internacional
Financiamiento de Terceros MERCOSUR International Arbitration Third-Party Funding MERCOSUR Marengo Irala, Mauricio Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview |
| description |
The third-party funding (TPF) market has been growing rapidly in the last few years, especially in the international arbitration field. The benefits along with the potential risks TPF could bear have received a lot of attention. Accordingly, the industry’s appetite for TPF has grown exponentially in short timeframe. Since 2012, this industry has increased by over 500%, with a significant increase of TPF financial support occurring the Arbitration system and the rising number of active funders looking for viable opportunities.Considering that “precious little is stated with regards to disclosure”, it has been assessed whether disclosure should be mandatory in order to avoid the possible existence of conflicts of interest between an arbitrator and the funder. This is of particular relevance when it is considered that arbitral institutions establish and ensure that an arbitrator’s independence and impartiality are a must3, yet the arbitral institutions little say regarding the TPF agreements and their impact on arbitrator’s impartiality or independence should a conflict arises.
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| format |
Article
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| author |
Marengo Irala, Mauricio
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| author_facet |
Marengo Irala, Mauricio
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| author_sort |
Marengo Irala, Mauricio
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| title |
Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
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| title_short |
Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
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| title_full |
Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
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| title_fullStr |
Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
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| title_full_unstemmed |
Third Party Funding and Conflicts of Interest: Is there any way to “Tame the Beast”? A MERCOSUR Overview
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| title_sort |
third party funding and conflicts of interest: is there any way to “tame the beast”? a mercosur overview
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| publishDate |
2022
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| url |
https://dialnet.unirioja.es/servlet/oaiart?codigo=8709185
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| _version_ |
1754142271545016320
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