As reported by Artificial Lawyer, the German Legal Tech Group released a statement in opposition to the Legal Affairs Committee of the European Parliament’s proposal to bring transparency and commonsense safeguards to third party litigation funding (TPLF) in Europe.
Last week, the Australian Financial Review featured an op-ed written by Stuart Clark, an adjunct professor at Macquarie Law School and former president of the Law Council of Australia, that highlights the need for reforming Australia’s litigation funding industry.
As reported by Law360, the U.S. District Court for the District of New Jersey recently enacted a rule to increase transparency in the litigation funding industry.
The United Nations Commission on International Trade Law recently proposed provisions to limit or eliminate third-party litigation funding in investor-state arbitration claims, according to an article by Law360.
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