Russia, China and the surge in dark money funding tying up European courts and regulators of critical products

The litigation funding industry is growing rapidly as unaccountable foreign money pours into our courtrooms. … China and Russia are both at it. Chinese money is suing Samsung. Kremlin-linked Russians are spending billions on US court cases, seemingly to evade sanctions. The US pharmaceutical industry has already pleaded publicly for American politicians to take notice.

This is nothing less than a new front in the twenty-first-century Cold War. … In 2022, a Spanish arbitration court awarded $14.9 billion to a group suing the Malaysian government over a land dispute. Calling themselves the heirs to the Sultanate of Sulu … and claiming billions in compensation, the group has received $20 million in litigation funding from a London-based company called Therium.

At first glance, this ought to have nothing to do with Spain or the UK. But thanks to the huge funding given to the case via Therium, it has ended up burdening a European courtroom ….

The origins of the Therium funding are murky, to say the least.

…

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Why is Malaysia being sued on such questionable grounds in European courts? Could this be a test run from the case’s anonymous funders?

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