Month: September 2019

Third-party Funding in the Middle East: A Step-by-step Process

Marla Decker

Lake Whillans closely follows developments around the world related to third-party funding. As third-party funding becomes mainstream in jurisdictions like the U.K. and U.S., it is not surprising that other jurisdictions have begun to pass laws that expressly permit third-party funding, effectively recognizing the utility of third-party funding to claimholders, the lack of detrimental effect to a legal system, and the fact that third-party funding helps make the jurisdiction an attractive forum for resolving commercial disputes. Jurisdictions in the Middle East have recently followed the trend, and we asked Thomas Snider, Head of Arbitration for Al Tamimi & Company, the largest law firm in the Middle East, and his colleagues, Jane Rahman and Khushboo Shahdadpuri, to educate us on the status of third-party funding in the Middle East

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