Evolving Landscape Of Third Party Funding In Arbitrations In The UAE

OVERVIEW

This Practice Note discusses Third Party Funding and Arbitration in the United Arab Emirates ("UAE"). In particular, emphasis has been placed on the evolving landscape relating to Third Party Funding across the region, which is increasingly now being recognized as a viable source to allow access to justice in UAE arbitrations, especially construction and high-value commercial claims.

Third Party Funding is not a novel concept but one which has been around for some time now. In fact, the litigation world globally has reaped benefits of Third Party Funding for some years, and in many cases, it has become a conjugal symphony between providing access to justice and gaining windfall from awards.