The Survey on Costs and Disputes Funding in Africa has been published by the Africa Arbitration Academy. The 39-page whitepaper explores litigation investment trends spanning jurisdictions across the African continent. The Survey discusses litigation investment as a tool for funding meritorious mediation, arbitration and litigation in Africa. As an added bonus, we have collated 35 highlights to the paper for reference.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
The Survey on Costs and Disputes Funding in Africa has been published by the Africa Arbitration Academy. The 39-page whitepaper explores litigation investment trends spanning jurisdictions across the African continent. The Survey discusses litigation investment as a tool for funding meritorious mediation, arbitration and litigation in Africa. As an added bonus, we have collated 35 highlights to the paper for reference.
According to the Survey, technology is the overarching factor to efficiency and productivity that will drive innovation across Africa’s legal jurisdictions. Some court systems in Africa are seeing increases in mediation and arbitration activity as a solution to preclude long litigation lifecycles.
Metrics from South Africa, Egypt and Kenya stand out as being some of Africa’s most advanced legal jurisdictions that are leveraging litigation finance tools and products. That being said, the lack of coordination at the continental level makes Africa a hotbed of international regulatory arbitrage frameworks. The Survey concludes that litigation investment will have a major impact on the future of Africa’s legal system.
According to the Africa Arbitration Academy, dispute investment in Africa is a thriving market for meritorious claimants who would not have access to justice without access to third party funding.
