Third-Party Litigation Funding Dispute Reaches UK Privy Council In Essar-Linked Arbitration Case

A major dispute on third-party litigation funding has reached the UK Privy Council, bringing the enforceability of funding arrangements under scrutiny.

Essar-linked OGD Services has challenged the enforcement of an arbitral award passed in favour of Norscot Rig Management.

The case will be argued before the Privy Council by senior Indian advocates Harish Salve KC and Nakul Dewan KC. The appeal comes against the backdrop of the UK Supreme Court’s PACCAR ruling, which unsettled the legality of certain funding models, and ongoing legislative efforts to reform the law.

The outcome is expected to have significant implications for the future of third-party litigation funding, both in the UK and internationally.