Abstract
In the context of increasingly complex international commercial disputes and diversified demands for dispute
settlement, the development of third-party funding is irresistible. The third-party funding model while providing
investment opportunities for the funders and sharing the economic burden and arbitration risks for the parties to
disputes, makes up for the lack of a legal aid system in the arbitration field which indirectly improves the quality of
arbitration trials, thus promoting the better development of arbitration as a dispute settlement method. However, the
ensuing conflicts of interest, the confidentiality of cases, enforcement, and other risks also pose significant
challenges to arbitration practice. It is, therefore, necessary to establish sound regulatory mechanisms to protect the
development of third-party funding models. In this paper, the risks faced by the model in practice are analyzed, and
the relevant factors hindering the better development of the model are clarified. On this basis, the interests of all
subjects are taken into account, the process of each stage is regulated in detail, and the "regulation" of third-party
funding is overall structured.
Muhammad Abid Hussain Shah Jillani, Kashif Mahmood Saqib, Abdul Rasheed, Syed Jafar Hussain Rizvi. (2021) A Preliminary Study of Third-Party Funding Regulation for International Commercial Arbitration, Journal of the Research Society of Pakistan, Volume-58, issue 4.
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