The COVID-19 pandemic is upending economies across the globe, triggering a wave of unexpected disputes arising from contract breaches and sovereign measures in response to the pandemic.
Many businesses find themselves between a rock and a hard place: they need to seek compensation for harm suffered as a result of the measures, but they may not have the budget on hand to pay for arbitration.
Third-party funding can be a viable solution to this cashflow problem. In the note below, we summarise briefly the key aspects of third-party funding and discuss its benefits.
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