As the global litigation funding market continues to grow, investors are looking to emerging markets and jurisdictions with a high potential for growth in the uptake of third-party funding. Looking forward to the year ahead, the CEO of India’s leading litigation funder has offered his perspective on the nuances of the Indian market for potential investors and funders.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
As the global litigation funding market continues to grow, investors are looking to emerging markets and jurisdictions with a high potential for growth in the uptake of third-party funding. Looking forward to the year ahead, the CEO of India’s leading litigation funder has offered his perspective on the nuances of the Indian market for potential investors and funders.
Writing in CXOtoday, Kundan Shahi, CEO of LegalPay, highlights the potential of the burgeoning litigation finance market in India, which he describes as having a greater potential in terms of the monetization of claims than other major markets such as London, Hong Kong and Singapore. As a developing economy India is also filled with unique opportunities, with Mr Shahi pointing to the rise in fraudulent and scam activity during the pandemic, as well as the evolution of insolvency regulations as catalysts for a surge in opportunities for third-party investment.
Mr Shahi also notes that there are challenges facing funders entering the Indian market due to its legal framework, which may differ from that of traditional markets. He emphasizes the importance of new funders taking a more flexible approach and adapting to client-specific needs in order to succeed. However, Mr Shahi does suggest that the growth in the country’s arbitration and dispute practice will create fresh opportunities, which funders should look to take advantage of.
