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Recovery of Third Party Funding Fees as Costs of the Arbitration

October 2016 - Litigation & Dispute Resolution. Legal Developments by Drew & Napier LLC .

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12 Oct 2016

In the recent case of Essar Oilfields Services v Norscot Rig Management [2016] EWHC 2361, the English High Court held that a tribunal has the power under s 59(1) of the English Arbitration Act 1996 to award the cost of third-party litigation funding as costs of the arbitration.

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