Established litigation funders play an important role in leveling the balance of power in the legal system for those plaintiffs who lack the capital to see their case through to completion. However, India’s leading litigation funder is now looking to rebalance the scales for retail investors, offering a new product to their customers that will allow them to diversify their portfolios in a manner previously only available to high-net-worth individuals.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Established litigation funders play an important role in leveling the balance of power in the legal system for those plaintiffs who lack the capital to see their case through to completion. However, India’s leading litigation funder is now looking to rebalance the scales for retail investors, offering a new product to their customers that will allow them to diversify their portfolios in a manner previously only available to high-net-worth individuals.
Reporting in Financial Express covers LegalPay’s latest announcement, which sees the launch of Interim Financing Bonds for its retail customers. Available for a minimum investment of Rs 10,000, equivalent to approx. $122, retail investors will be able to take advantage of bonds which are used by LegalPay to provide capital to companies who are in the Corporate Insolvency Resolution Process.
LegalPay’s CEO, Kundan Shahi, said that the Interim Financing Bonds are designed to offer retail investors a new avenue of diversification beyond traditional securities, as part of a plan “towards democratizing equity markets investing”. The company also assured prospective retail investors by stating that all the bonds have had thorough risk assessment and due diligence performed.
