Alternative Techniques for Financing Arbitration Proceedings

Olexander Droug, Alina Danyleiko

According to the traditional scenario, in order to protect violated rights in arbitration proceedings, a party usually has to rely on its own financial resources. Since the total costs of international arbitration may be significant, before advancing any claim to arbitration, a prospective claimant faces the dilemma of whether to initiate the arbitration proceedings at all in view of the potential financial burden.