On February 12, 2015, Professor Victoria Shannon participated in the third meeting of the Third-Party Funding Task Force, jointly organized by the International Council for Commercial Arbitration (ICCA) and Queen Mary, University of London. During the meeting, Professor Shannon presented a report on how the recent revisions to the International Bar Association’s Guidelines on Conflicts of Interest in International Arbitration addressed issues relating to third-party funding.
The mission of the Third Party Funding Task Force is to systematically study and make recommendations regarding the procedures, ethics, and policy issues relating to third-party funding in international arbitration. The Task Force is comprised of representatives drawn from among governments, corporate counsel, international arbitration counsel, arbitrators, arbitral institutions, academics, and third-party funders. Its work will be presented in a series of White Papers and a number of public colloquia to be hosted at various locations worldwide.
Information about the work of the Task Force and a list of its members is available here.