24 November 2014
Professor Catherine Rogers and Professor William W Park write about the ICCA-Queen Mary Task Force on Third-Party Funding in International Arbitration.
Professor Catherine Rogers, Professor of Ethics, Regulation and the Rule of Law at Queen Mary University of London and Paul and Marjorie Price Faculty Scholar at Penn State Law. William W 'Rusty' Park is Professor of Law at Boston University.
'Third-party funding raises a host of ethical and procedural issues for international arbitration, perhaps most notably in connection with arbitrator comportment. The need for sustained study of these concerns prompted establishment of a Task Force on Third-Party Funding in International Arbitration, convened by the International Council for Commercial Arbitration (ICCA) along with Queen Mary College at the University of London. The Task Force, comprised of stakeholders from a range of viewpoints and backgrounds, will assess both real and perceived concerns that this relatively new practice raises, as well as what might be done, and why. This article outlines the Task Force's approach to these issues, work to date, and future aims.'