France - Country Report - Handbook on Third-Party Funding in International Arbitration- Second Edition
Originally from Handbook on Third-Party Funding in International Arbitration, Second Edition
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PART I. THE THIRD-PARTY FUNDING LANDSCAPE
1. The TPF market in France
1.1. Please shortly describe the TPF market in your Jurisdiction.
Paris, being one of the oldest and now among the leading international arbitration places worldwide, with a large number of international arbitration practices operating from Paris, TPF is commonly used in France. The exponential development of TPF in international arbitration in France dates back to 2010-2012 even though the practice itself was known of even earlier. In fact, ICC France launched its research into the subject back in 2010 and published its first report on TPF in 2014, which shows that there were several instances of it even before.
1.2. Is it dominated by local or international Funders? Which Funders are active? Which cases get typically funded?
The funders operating in the Paris market are mostly international, from the United Kingdom or the United States to be precise, with there being just a couple of French funders of prominence. Similarly, the cases that attract funders are those concerning international arbitration matters, more likely in the field of investment arbitration (which is considered by the funders – whether rightly or wrongly – to be easier to predict in terms of outcome), than in commercial arbitration.