Welcome to the first of our new monthly client bulletin from the global International Arbitration and ADR practice group at Garrigues. We aim to provide our clients with timely, interesting and relevant global updates in international arbitration and ADR in a concise and user friendly format in English and Spanish.
In this inaugural issue we have included additional items of interest from the beginning of the year for the sake of completeness. Future editions will focus on more recent developments.
We trust that you find the bulletin helpful. Of course, should you like to discuss any of the items featured or if you would like more information, please do not hesitate to contact us or one of the local contacts listed below.
Carlos de los Santos and Joe Tirado, Garrigues Co-Heads of International Arbitration and ADR
Third Party Funding: Freeing claims and adding value
Carlos de los Santos and Joe Tirado
The recent establishment of third party funders(Third Party Funding or TPF) in Spain and the consequent press coverage that they have received has created significant interest in the market from clients and practitioners alike.
While there are those that consider TPF encourages unmeritorious claims, others argue that it provides access to justice for claims with a good chance of success that would otherwise be denied a legal remedy on account of a parties´ financial inability to pursue legitimate legal action.