News & Blog
Litigation funders in Germany are adapting to the growing number of international litigation funding firms setting up shop in the country, and developing their own cash streams.
London law Firm Mischon de Reya has teamed up with litigation funder Harbor to create a £150 million litigation funding arm, reports the Law Society Gazette.
“[P]atchy regulation coupled with fertile ground for conflicts adds up to a troubling outlook that needs more scrutiny.”
For litigation funder Burford Capital, “accounting is a fraught topic,” reports the Financial Times.
he German Bar Association (BRAK) is weighing-in on the European Parliament’s draft report on responsible private funding of litigation. The Parliament’s report, authored by German MEP Axel Voss, recommends an EU directive to sensibly regulate third party litigation funding (TPLF)
On Wednesday, August 18, a London court ruled that a £10 Billion class action against Mastercard can now go ahead on behalf of 46 million British consumers. If the claim is successful, claimants’ lawyers and litigation funders stand to gain a substantial sum.
Australia Makes it Official – New Legislation Will Protect Businesses from Trivial Corporate Disclosure Class Actions
The Australian Parliament has just passed legislation to reform Australia’s corporate disclosure rules.
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.