Originally from Handbook on Third-Party Funding in International Arbitration, Second Edition

PREVIEW PAGE

PART I.  THE THIRD-PARTY FUNDING LANDSCAPE

1.  The TPF market in North Macedonia

1.1.  Please shortly describe the TPF market in your Jurisdiction.

In North Macedonia, there is currently no specific legal framework governing third-party funding (TPF).

Typically, parties in North Macedonia bear their own costs in legal proceedings. The expenses associated with arbitrations before the Permanent Court of Arbitration attached to the Economic Chamber of North Macedonia are much lower than those of more renowned foreign counterparts, making it feasible for the parties to manage the costs themselves.

1.2.  Is it dominated by local or international Funders? Which Funders are active? Which cases typically get funded?

As there are no regulations regarding TPF as a distinct institution, and parties in arbitrations seated in North Macedonia are not obligated to disclose whether they are funded by third parties, there is limited information available on potential funders  in arbitration proceedings in North Macedonia. In practice, international Funders, along with engaged attorneys or law firms, primarily fund high-value investor-state arbitrations.

1.3.  What types of funding exist (e.g., ISDS, Commercial Arbitration, portfolio funding, respondent-side funding etc.)?

Due to the lack of regulation and given that most arbitral proceedings are confidential, there is no available insight into the types of funding for arbitral proceedings in North Macedonia.