Kathryn Ye

May 29, 2023 | mondaq.com | Weina Ye |Kathryn Ye

In two related decisions, different PRC courts have upheld third party funding arrangements for arbitration, finding that they were not prohibited by PRC law or the CIETAC Rules and did not provide valid grounds to challenge an award. In a third decision, a third party funding arrangement for litigation was held to be invalid because it violated public policy.