Blog Archives
LegalPay, India, and the Promise of Litigation Finance in Emerging Markets
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Date: May 28 2022
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LegalPay is a Litigation Finance startup founded in India, an emerging market for third-party legal funding. Until recently, investing in legal cases was reserved for high-end investors. The advent of LegalPay allows retail investors—those of average means–to take advantage of the potentially large uncorrelated returns that have attracted savvy investors for years.
According to founder Kundan Shahi, LegalPay is the only formal player that offers third-party litigation funding for late-stage cases in India. One can’t help but wonder how this will influence the development of global Litigation Finance? Does LegalPay’s success foretell the rise of litigation funding in emerging markets?
Inflation, Recession, and Consumer Legal Funding
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Date: May 28 2022
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More Americans than ever are living paycheck to paycheck. With inflation rising and a recession right around the corner—financial pressures on the average family are increasing. And lawsuits aren’t going anywhere, which is why Consumer Legal Funding is a vital and necessary option for average families seeking justice in a legal setting. Yet regulation threatens the availability and effectiveness of Consumer Legal Funding—with the potential to curtail justice for those of modest financial means.
Should Judgement Enforcement Move In-House?
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Date: May 28 2022
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According to a recent Burford Capital survey, more than half of in-house lawyers say their company has awards and judgements that have remained uncollected—often to the tune of $20 million or more. That’s a staggering number of successful cases that go unfulfilled, from a collectability standpoint.
Key Takeaways from the LITFINCON Event
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Date: May 28 2022
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LITFINCON’s inaugural conference kicked off last week at the Post Oak Hotel in Houston, Texas, with attendees flying in from all over the globe. Guests had a front-row seat to several thought-provoking conversations about the growing asset class from a variety of industry experts.
The 6th Anniversary of the Peter Thiel / Hulk Hogan / Gawker Case: What Have We Learned?
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Date: May 28 2022
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This week marks the sixth anniversary of Terry Bollea (AKA professional wrestler Hulk Hogan) suing Gawker media for publishing a sex tape of him with a married woman. The suit made national news not just for its salacious nature—but because of the questions it raised regarding privacy versus journalistic freedom. Once news emerged that billionaire and PayPal co-founder Peter Thiel was funding Hogan’s claim, the case became even more sensational.
In this piece, we’ll take a look at exactly what happened in the case, and how it impacted (or hasn’t impacted) Litigation Finance.
Corporations Act s596A Expanded by High Court of Australia
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Date: May 28 2022
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A recent decision by the High Court of Australia (HCA) expanded the scope of s596A of the Corporations Act 2001, regarding public examinations and who has standing to conduct them. In a majority decision, the HCA found that claims of corporate malfeasance reflect the public interest in enforcing laws and protecting creditors and investors….
Liquidators Accuse Mainzeal Directors of Mishandling Crisis
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Date: May 28 2022
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A recent NZ court of appeal ruling found that the director of Mainzeal traded on his company, which was technically insolvent for nearly a decade—yet caused no material loss to creditors. Liquidators backed by LPF are appealing the ruling. …
Reaching for Gender Equality in Big Law
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Date: May 28 2022
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On the occasion of International Women’s Day, some firms are looking again at what can be done to address the gender pay gap at major law firms. Of course, the push for racial, cultural, and gender equality and representation has existed for decades. Still, women represent just over 25% of partners at the top ten…
Survey Tracks the Evolution of Litigation Finance
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Date: May 28 2022
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The popularity of third-party legal funding has increased exponentially in recent years. A new survey from Above the Law underscores this rapid growth. …
Litigation Finance Turns Justice into a Financial Asset
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Date: May 28 2022
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We’re all familiar with the phrase ‘equal justice under the law.’ Yet some would say the accuracy of that statement is debatable. Meanwhile, litigation funding, a practice developed specifically to increase access to justice, is sometimes painted as a way of exploiting lawsuits for financial gain….
