NEWSLETTER-2021

187 ARBITRATION LAW ing paper on its Draft Rules10 were also drafted in a way to answer long-lasting calls of states for further transparency and regulation in the funding industry, which will be covered in depth in Part II of this article. 11(2) and 11(3), each party must promptly inform the Secretariat, the arbitral tribunal and the other parties, of the existence and identity of any non-party which has entered into an arrangement for the funding of claims or defences and under which it has an economic interest in the outcome of the arbitration.”, https://iccwbo.org/dispute-resolution-services/arbitration/rules-of-arbitration/. 10 ICSID’s 5th working paper on its Draft Rules, https://icsid.worldbank.org/newsand-events/news-releases/icsid-releases-fifth-working-paper-rule-amendments.

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