Briefings Third Party Funding - The Financialisation of Justice

Briefings
READING TIME 15 mins

Third Party Funding - The Financialisation of Justice

Third party funding is where financiers cover the legal fees of an Investor State Dispute Settlement (ISDS) case to enable corporations to sue governments. In exchange, financiers get a large cut of any eventual award. Rights granted to corporations under Bilateral Investment Treaties (BITs) and trade agreements are already a threat to the public interest and a government’s right to regulate. But the financialisation of ISDS claims through deep pocketed third party funders makes the situation worse

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Published April 2017 TJM

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