Third-party litigation funding (TPF) is a rapidly expanding industry composed of speculative investors who finance legal claims in exchange for influence over case management and a contingency in the recovery. The potentially high damage awards (recently averaging $500 million per dispute) characteristic of investor-state arbitration (ISDS) under the bilateral investment treaty (BIT) regime have made it a new and highly attractive market for TPF.
International Courts and Tribunals
This Insight analyzes the immunity of Judge Aydin Sefa Akay, a Turkish citizen and a former judge of the United Nations International Criminal Tribunal for Rwanda, who was a judge at the United Nations Mechanism for International Criminal Tribunals (Mechanism) since July 25, 2016, assigned to the case of Prosecutor v. Ngirabatware, until June 2018. The Mechanism was created to perform residual functions of the now terminated International Criminal Tribunals for Rwanda and the former Yugoslavia.