Woodsford released a new guide titled, “Litigation Funding 2022.” The guide explores the practice of law across 23 jurisdictions worldwide. This is the sixth Litigation Funding edition by Woodsford.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Woodsford released a new guide titled, “Litigation Funding 2022.” The guide explores the practice of law across 23 jurisdictions worldwide. This is the sixth Litigation Funding edition by Woodsford.
Woodsford’s guide covers global jurisdictions from Spain, Sweden, Japan and India, as litigation funding across the planet continues to mature. Australia’s government is exhibiting some legislative pushback to litigation investors, something Woodsford teases as an, “attack on the access to justice.”
Broadly, Woodsford reports that litigation funding is being embraced through innovation. One such example is that the British Virgin Islands approved it’s first litigation funding agreement back in 2020. Similarly, the Cayman Islands enacted the Private Funding Legal Services Act in 2021, which is considered a major achievement for the Caymans. Likewise, Singapore’s International Commercial Court has approved its own third party funding framework.
In New York there is resounding support for litigation funders, service providers and their investors. Experts are hailing third party funding as a mechanism to level the playing field and create new channels for justice to prosper.
Woodsford profiles ligaition finance as a significant contributor to the legal fabric of the world. Check out Woodsford’s complete guide to learn more.
