Third-Party Funding Under The New QICCA Rules: Emerging Risks And Opportunities In Qatar

Third-party funding (TPF) is increasingly prominent in international arbitration, offering parties a means of managing the substantial costs of proceedings. In Qatar, the position has until recently been uncertain. The Arbitration Law No. 2 of 2017 (the “Arbitration Law”) neither prohibits nor expressly permits TPF, leaving the matter to practice and institutional rules.

The QICCA Arbitration Rules 2024 (“QICCA Rules”) now provide the first express framework, requiring disclosure of funding arrangements. While this is a significant development, it is important to note that the Rules are not legislation and apply only to arbitrations administered under QICCA.

This article considers: