2022 ILFA Conference: Why legal finance is an essential feature of the international arbitration landscape
- International arbitration
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At its inaugural annual conference on October 24 in New York, the International Legal Finance Association (ILFA) gathered a group of arbitration experts to discuss the future of international arbitration.
The financing of international arbitration claims is on the rise; as El-Erian observes, companies are increasingly eager to mitigate the rising cost and uncertainty of treaty and commercial arbitration. Even companies with strong cash reserves often welcome the flexibility to pursue the asset value tied up in pending arbitration without taking on the significant upfront costs or downside risk of pursuing them.
El-Erian also highlights the importance of choosing the right legal finance provider. With the most permanent capital and the world’s most experienced team, Burford is the preferred financing partner for investor-state and international commercial arbitrations—which by definition require not only expertise but also a financing partner with sufficient capital to be a reliable and aligned partner for the long term.
The panel was moderated by Lindsay Gastrell, Senior Counsel, Arbitration Chambers; Lee Caplan, Partner, Arent Fox Schiff; Anna El-Erian, Director, Gabriel Resources; Ina Popova, Partner, Debevoise & Plimpton and Jara Minguez Almeida, Team Leader / Legal Counsel, ICSID.