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The case against third-party funding in investment arbitration

Frank J. Garcia and Kirrin Hough

No 253, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: The rapid increase of third-party funding (TPF) in investor-state dispute-settlement (ISDS) raises concerns about effects TPF may have on the stability, fairness and legitimacy of the investment treaty regime. States and other stakeholders should critically assess the risks posed by TPF in its current form, and regulate, if not ban, TPF in investment disputes.

Date: 2019
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