According to an expert analysis in Law 360 class actions are on the rise in the U.K. and elsewhere in Europe. Third party litigation funding is a significant driver.
The European Parliament is taking the first steps towards government oversight of third party litigation funding. On June 28, Member of the European Parliament Axel Voss introduced a legislative own-initiative report in the Legal Affairs (JURI) Committee on responsible private funding of litigation, also known as TPLF.
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