Conference Report: EALG Fall Meeting in Munich 2024
February 16, 2024
A major highlight was the presentation by Patrick Rohde from Deminor on Third-Party Funding in International Disputes. He detailed how third-party funding is reshaping the financial landscape of complex litigation and arbitration, enabling clients to pursue meritorious claims without bearing the financial burden.
Key points included:
Risk Management and Access to Justice: Rohde emphasized that third-party funding mitigates financial risks, leveling the playing field for claimants.
Strategic Advantages: He discussed how funding allows parties to allocate resources strategically while retaining control over legal strategy and settlement decisions.
Market Trends and Legal Challenges: Insights were shared on evolving regulatory landscapes and the increasing acceptance of third-party funding in international commercial disputes.
Following the presentation, a fire-side chat featured Martha Szabó-Annighöfer, partner at Lieff Cabraser Heimann & Bernstein, LLP, Klaus Oblin and Stefan Choi, both of whom frequently collaborate with Deminor in German and Austrian international commercial litigation and arbitration.
The discussion covered:
Practical Experiences: Both speakers shared real-world experiences, highlighting the strategic benefits and challenges of working with third-party funders in cross-border disputes.
Impact on Litigation Strategy: They emphasized how funding influences litigation strategy, including enhanced negotiation leverage and resource allocation.
Transparency and Ethics: The conversation also addressed ethical considerations and the importance of transparency to maintain the integrity of funded proceedings.
The engaging dialogue between Klaus Oblin and Stefan Choi provided attendees with valuable insights into the practical implications of third-party funding, solidifying its growing role in international dispute resolution. The EALG Fall Meeting 2024 underscored the importance of innovative funding solutions in shaping the future of international commercial litigation and arbitration.
