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Results: 4 Answers
International Arbitration
11.
Funding
11.1
Is third-party funding permitted for arbitrations seated in your jurisdiction?
 
United States
The FAA does not prohibit an unrelated third party from funding a party in an arbitration. State law addresses third-party funding through:

  • laws that regulate funders;
  • the doctrines of maintenance, champerty and barratry; and
  • rules regulating attorney conduct and the application of attorney-client privilege.

For example, American Bar Association Model Rule 5.4(a) prohibits an attorney or law firm from sharing legal fees with a non-lawyer, except in narrow circumstances.

For more information about this answer please contact: Jonathan Landy from Williams & Connolly