Blog Archives
Landmark New York Court’s Decision Strengthens the Future of Litigation Funding
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Date: Oct 2 2023
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The following piece was contributed by Guido Demarco, Director and Head of Legal Assets at Stonward.
In a groundbreaking legal battle that pitted Petersen Energía SAU and Petersen Energía Inversora SAU[1] (the Petersen Companies) against the Republic of Argentina, the recent decision by the District Court of Southern District of New York has far-reaching implications for the litigation funding industry. This landmark ruling reaffirms the critical role litigation funders play in providing access to justice, particularly in complex cases involving powerful sovereign entities.
Price Control to Ensure the Affordability of Litigation Finance?
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Date: Oct 2 2023
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The following post was contributed by Guido Demarco, Director & Head of Legal Assets of Stonward.
In March 2021, the European Parliamentary Research Service published a study on Responsible Private Funding of Litigation. This study was later supplemented by a draft report prepared by the European Parliament’s Committee on Legal Affairs in June 2021. Both documents, the study, and the draft report, contain certain recommendations to regulate litigation funding and criticize the economic costs that these funds impose on their clients by referring to them as “excessive”, “unfair” and “abusive”.
