Presentation
An international claim is often much more costly to recover than a domestic claim.
Insofar as the incident is caused by the debtor’s unwillingness to pay, rather than his inability to pay, the recovery process becomes complex.
Such international claims require a rigorous and adequate management, based on specific skills.
Financial issues: payment defaults distort competition in international trade and can seriously affect creditors.
The variety of judicial systems (legal systems, national courts, arbitration tribunals…) and enforcement proceedings require professional expertise to unlock the value of assets that are frequently arbitrarily depreciated.
Dedicated expertise:
Recovery can be outsourced through claim collection mandates through acquisition of the debt by a fund, or through funding and monitoring of proceedings (e.g. arbitration proceedings or enforcement of awards): our expertise relies on:
- Targeted data sourcing;
- Asset valuation and the elaboration of the adequate strategy;
- Implementation of the recovery strategy, relying on an international network of local lawyers and intermediaries.
1) Such an expertise can be assessed through the capacity to unlock international claims' value and to solve complex international litigations.
2) Such an expertise requires financial leverage (investment fund) to capture the targeted operations: the unlocked value is therefore shared between the original creditor, the investors and the operators.
In this context filled with opportunities, choosing a fully qualified, experienced and ethically reliable partner is essential.
Articles
- Décideurs Magazine - "Third party funding : dans l'ombre des procédures arbitrales" - 23/05/2016 (FR)
- Les Echos - "La Française engagée dans le financement de contentieux" - 16/04/2016 (FR)
- Leaders League - Fred Vroom - "An introduction to third-party funding" - 26/01/2016 (EN)
- Décideurs Magazine - Alain Grec - "Externaliser le financement de procédures contentieuses" - 28/01/2016 (FR)
- L'Echo - Alain Grec - "Comment financer des procédures d'arbitrage ?" - 12/11/2014 (FR)
- La Lettre de l'A.F.A (Association Française d'Arbitrage), n° 12, Juin 2014 - "Pratique d'une institution financière régulée" - 06/2014 (FR)
- Alain Grec - "Third Party Funding : the challenge of ethical reliability" - 14/03/2014 (EN)
- LJA Le Magazine, n° 26, supplément n° 1129 - "Financement des contentieux, prêts pour le third party funding ?" - 23/09/2013 (FR)
- Option Finance/Option Droit & Affaires - "Third party funding : un cadre juridique à définir" - 05/2013 (FR)
- Jean-Robin Costargent - "Le financement par un tiers comme réponse aux évolutions de l'arbitrage international" - 09/2012 (FR)
- IPE - Investment & Pensions Europe - 23/11/2011 (DE)
- Schweizer Personalvorsorge - Prévoyance Professionnelle Suisse - 09/2009 (FR)
- Schweizer Personalvorsorge - Prévoyance Professionnelle Suisse - 10/2009 (DE)