Practicalities and benefits in the use of third party funding in arbitration

The ACC Hong Kong Board of Directors invites you to the following presentation, hosted by IMF Bentham.

Food and drinks will be provided. 1 Law Society of Hong Kong CPD point has been applied for. 

TOPIC:  

Businesses throughout the world use third-party dispute finance as a capital and risk management strategy for their complex international disputes.

This unique form of corporate finance is now available to parties involved in Hong Kong arbitrations, thanks to amendments to the Arbitration Ordinance (Chapter 609) which came into effect on 1 February 2019.

It is therefore essential for corporate counsel to be versed in the practicalities of third-party finance to advance their company’s interests, including cost-budgeting, risk-mitigation and accounting benefits.

In this lunchtime seminar, Cheng-Yee Khong and Tom Glasgow of IMF Bentham will explain how corporates benefit from third-party finance, with an emphasis on accounting features and the practical steps involved in obtaining finance. They will also address typical return structures and the common features of a funding agreement. 

IMF Bentham is one of the most successful litigation and dispute financiers in the world. The ASX-listed company (ASX:IMF) is headquartered in Australia and has offices in Hong Kong, Singapore, London and throughout Australia, the US and Canada. IMF Bentham provides litigation finance and investment capital to parties involved in commercial disputes, including arbitration, litigation and insolvency. IMF Bentham’s finance and expertise helps companies mitigate risk, supports in-house legal resources and enables companies to deploy cash-flow elsewhere for core business needs. Since listing on the ASX in 2001, IMF Bentham has achieved a 90% success rate over 179 completed cases, recovering A$2.3 billion for funded parties.

IMF Bentham’s global team of Investment Managers includes highly experienced international dispute resolution practitioners. The IMF Bentham group is an active supporter of the international arbitration community and committed to developing best practices for the use of third-party funding globally.

	Tom Glasgow Chief Investment Officer Singapore +65 6622 5396 tglasgow@imf.sg Tom leads IMF Bentham’s investments throughout Asia. Tom has extensive experience managing international arbitration and disputes across Asia at leading global law firm, Allen & Overy. He was previously with leading New Zealand law firm, Russell McVeagh.
	Cheng-Yee Khong Associate Investment Manager Hong Kong +852 3978 2629 ckhong@imf.sg Cheng-Yee manages and assesses funded cases in Hong Kong and throughout Asia. Cheng -Yee is the former Director and Counsel of the ICC International Court Arbitration Secretariat’s Asia Office. She specialised in international arbitration at Freshfields Bruckhaus Deringer and Shook Lin & Bok.

EVENT DETAILS:

If you have any suggestions for topics or speakers for future ACC Hong Kong events, please let us know at events@hkcca.net.

Please note this event is exclusively for ACC Hong Kong members. If you are not an ACC Hong Kong member but you want to attend this presentation, you need to successfully apply for membership at www.hkcca.net and pay the membership fee before registering for the event. If you have any membership queries, please contact ACC Hong Kong Secretariat on events@hkcca.net or (852) 2516 7007.