Category Archives: Commercial
UK Government’s Amendment to DMCC Bill Offers a Partial Solution to PACCAR Ruling
The UK litigation finance industry has been closely watching the government’s response to the Supreme Court’s PACCAR decision, with many hoping that there will be a quick legislative fix regarding the enforceability of litigation funding agreements (LFAs). According to one industry expert, a parliamentary debate held earlier this week has offered an indication of what…
The Funders’ Perspective on Criteria for Case Selection
For lawyers or claimants who have no prior experience in working with litigation funders, it can often seem an opaque process through which funders arrive at a ‘yes’ or ‘no’ decision when choosing whether to fund a case. As a result, it is incredibly useful to understand the funder’s perspective, and through that lens, understand…
Key Takeaways from LFJ’s Digital Event: Legal Tech and LitFin
On December 6th, 2023, Litigation Finance Journal produced its final event of the year: Legal Tech and LitFin: How Will Tech Impact Litigation Finance Globally?
Tets Ishikawa moderated an insightful and pertinent discussion on the use of legal tech in the litigation finance industry. Panelists included Nick Rowles-Davies (NRD), Founder of Lexolent, Isabel Yang (IY), Founder of Arbilex, and Joshua Masia (JM), Co-Founder and CEO of Dealbridge.ai.
Omni Bridgeway’s Loewith Discusses Canadian Litigation Finance Market
Whilst the North American litigation finance market is dominated by the huge volume of cases in need of funding in the US, the industry’s leading funders are keen to exploit the potential of a Canadian market that is ripe for growth….
Triple-I: Plaintiffs Should Disclose Third-Party Funding Arrangements
Ohio’s defendants should know whether a third-party litigation funding firm is financing a lawsuit against them, the Insurance Information Institute’s (Triple-I) chief insurance officer, Dale Porfilio said, in testimony today before the state Senate’s Judiciary Committee.
Judge Denies Woodsford’s Request for Temporary Restraining Order in Dispute with Hosie Rice
As recently as last week, LFJ reported on the ongoing dispute between Woodsford and Hosie Rice over unpaid fees from a litigation funding deal, as the funder sought to block the transfer of proceeds from the sale of a house owned by Hosie Rice’s founders….
Odyssey Marine Exploration Secures Additional Capital as it Pursues NAFTA Claim Against Mexico
As litigation funders are keen to regularly emphasise, third-party financing is not only useful to directly support a company’s legal claims, it is also a valuable tool to allow the business to continue its operations unhindered whilst pursuing meritorious litigation.
Lenders for Indian Airline Considering Litigation Finance Options
Although the litigation finance market in India is currently in a developmental stage, domestic and international funders have repeatedly identified it as a country with huge potential for growth in the adoption of third-party funding. A developing story regarding an insolvent airline suggests that this optimism is well-founded, as the company’s lenders are reportedly investigating…
Attorneys say Financial Terms are Most Important Factor when Selecting Litigation Funding
For attorneys looking to pursue litigation financing, whether it is for the first time or as a repeat user, these professionals must consider a wider range of factors when choosing the right provider to work with. A new survey reveals some of the most pressing factors and concerns that attorneys are focused on when assessing…
Woodsford to Receive $7.8M from $26M Settlement in Ardent Leisure Class Action
As LFJ reported in August, a class action backed by third-party funding and brought against one of Australia’s largest leisure companies has reached a settlement agreement. New court documents reveal the court’s approval of the settlement, as well as the details of the final payout to the litigation funder….
