AsiaPhos v People's Republic of China - Entry into Agreement with US Based Fund Concerning the Pending International Investment Arbitration Against China - 19 August 2022
Country
Year
2022
Summary
The funding provided pursuant to this agreement will cover a set amount of the anticipated fees and costs through the end of the Arbitration, as well as certain fees and costs that have been incurred to-date. The Fund will recover based on amounts recovered in the arbitration by way of award or settlement. If the funding agreement is terminated prior to the completion of the arbitration, the Fund will be entitled to cease funding but will still be entitled to recover based on the amounts recovered in the arbitration by way of award or settlement.