Category Archives: Regulatory Issues
Judge Prohibits Trump From Raising Issue of Litigation Funding in Carroll Defamation Trial
Whilst it is not uncommon for funded litigation to involve a political aspect, with disputes involving national governments being a regular occurrence, few cases are attracting as much attention as one involving the former President of the United States. A judge’s ruling in a defamation case brought against Donald Trump has highlighted the issue of…
Former MP Praises PACCAR Ruling, Says Litigation Funding is a ‘Destructive Industry’
Within the litigation finance industry, the consensus reaction to last year’s UK Supreme Court PACCAR ruling was largely one of disappointment. However, for those individuals and lobby groups that are opposed to the widespread use of third-party litigation funding, it has been warmly welcomed as an important corrective measure….
Former CAT Chair says Government’s PACCAR Solution is ‘Far Too Narrow’
The UK government’s efforts to provide a legislative solution to the Supreme Court’s ruling in PACCAR, namely through an amendment to the Digital Markets, Competition and Consumers Bill (DMCC), continue to receive criticism from senior figures in the legal industry. The latest of these critiques comes from the former chair of the Competition Appeal Tribunal…
Bloomberg Law Lists Five Biggest Developments in Litigation Finance for 2023
UK Government ‘Considering Options’ for Legislative Solutions to PACCAR
As many industry commentators suggested when the Supreme Court released its PACCAR judgement, one of the most important and interesting elements has been the UK government’s response to the decision. In a story that is developing week after week, we are beginning to see how a potential solution may not emerge from one singular piece…
LCM Argues PACCAR Decision is ‘Old News’ for Funded Opt-Out Claims
UK Lobby Group Calls for Regulation to Protect Consumers from ‘Opportunistic Claimant Law Firms’
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…
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.
LSLA Survey Finds Overwhelming Support for ‘Further Regulation’ of Litigation Funding
As we approach the end of 2023, it is a useful time to reflect on the state of the litigation funding market in the UK and to see how prominent industry groups are thinking about the future of the industry. A preview of an upcoming survey suggests that whilst litigation funding is thriving in terms…