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Third-Party_Litigation_Funding_-_A_Review_of_Recent_Industry_Developments2.pdf
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🔗 Source: iadclaw.org
📊 Size: 386 KB
👤 Author: David Howard
⬇️ Downloads: 31

Summary

Third-party litigation funding (TPLF) is a growing, multi-billion-dollar industry that provides capital to plaintiffs and their counsel, enabling them to compete against deep-pocketed defendants. Proponents believe TPLF promotes access to justice, while opponents argue it promotes frivolous lawsuits, increases litigation costs, and allows funders to exert influence over litigation strategy. The industry is established in countries like Australia, England, the United States, and Canada, with recent developments including legislation in Hong Kong and Singapore allowing third-party funding of arbitration. TPLF arrangements typically involve a funder paying counsel's legal fees and costs, with the funder receiving a percentage of the recovered amount if the litigation is successful. However, TPLF has also raised concerns about transparency, disclosure, and the applicability of the attorney-client privilege and work product doctrine.

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Third-party litigation funding (TPLF) is a growing, multi-billion-dollar industry that provides capital to plaintiffs and their counsel, enabling them to...

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  • File Format: PDF
  • File Size: 386 KB
  • Pages: 18
  • Language: EN
  • Author: David Howard
  • Total Downloads: 31
  • Last Updated: 1 month ago

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