Research on Third-Party Funding in Russia

Edvard Munch

Jurisprudence, 1887

Research on Third-Party Funding in Russia

The Russian Institute of Modern Arbitration (RIMA) is pleased to announce that the research on Third-Party Funding (TPF) in Russia is being conducted by a group of prominent Russian and international practitioners.

The arbitration landscape in Russia has undergone major transformations over the course of the last five years. TPF is however still underrepresented in the litigation/arbitration market in Russia. Despite the lack of legislative regulation and the inconsistency of case law, there is a specific interest in TPF in Russia among the business representatives, existing funding platforms and lawyers themselves.

In order to carry out a thorough analysis in relation to the introduction of the TPF system, and to identify the possible problems with its use in arbitrations related to Russia and their solutions, the RIMA launched an initiative on the TPF research in Russia-related arbitrations.

The research is led by Ania Farren (Partner at Omnia Strategy LLP, member of the ICCA-Queen Mary Task Force on Third-Party Funding in International Arbitration), who has brought experienced Russian and international legal practitioners together in a Task Force, including:

  • Alice Fremuth-Wolf, Secretary General of Vienna International Arbitral Centre
  • Andrey Panov, Counsel at Allen & Overy
  • Anna Grishchenkova, Partner at KIAP | Korelskiy, Ischuk, Astafiev and Partners Attorneys at Law
  • Baiju Vasani, Partner at Ivanyan and Partners
  • Dmitry Kaysin, Partner at Rybalkin, Gortsunyan & Partners
  • Elena Mazetova, Associated Partner at Petrol Chilikov law offices
  • Eva Kalnina, Partner at Lévy Kaufmann-Kohler
  • Evgeniya Rubinina, Partner at Enyo Law
  • Julian Lew QC, Barrister at Twenty Essex
  • Justin Michaelson, Partner at Quinn Emanuel
  • Roman Zaitsev, Partner at Dentons
  • Sarah Grimmer, Secretary General of Hong Kong International Arbitration Centre
  • Sergey Alekhin, Counsel at Willkie Farr & Gallagher LLP
  • Sergey Lysov, Senior Associate at KK&P | Kulkov, Kolotilov and Partners Trial Lawyers
  • Tatyana Neveeva, Counsel at EPAM | Egorov Puginsky Afanasiev & Partners Law Offices
  • Timur Aitkulov, Head of Aitkulov and Partners
  • Yury Babichev, Partner at Bryan Cave Leighton Paisner LLP
  • Pietro Bombonato, Omnia Strategy LLP (Task Force secretary)

The Task Force will address issues including (i) the relevant legal framework in Russia relating to arbitration and TPF, (ii) the use of TPF in Russia-related disputes, and (iii) advantages and disadvantages of TPF. The final report of the Task Force will include recommendations on best practices related to TPF.