Turmoil but Growth in Third‐Party Arbitration Funding

Alina Sartogo, Mark Clarke and James TG Lack of Akin Gump explore how third-party funding in international arbitration continues to grow despite a turbulent 2025 marked by consolidation, regulatory divergence and litigation involving a major funder, with funded claims appearing in investor-state disputes, expanding disclosure rules across arbitral institutions and a strengthening secondary market providing new liquidity for litigation finance investments.