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…

As LFJ reported last week, in the wake of the Supreme Court’s PACCAR decision, many advocates for the litigation funding industry have suggested that only the government can rectify the situation through new legislation that would more clearly define the place of litigation funding agreements (LFA). However, it appears that an initial attempt to manufacture…

As the industry continues to monitor the fallout from the Supreme Court’s ruling on the classification of litigation funding agreements (LFAs) as damages-based agreements (DBAs), it is important to note that the effects will not be felt equally across all areas of legal funding. One sub-sector that may have a unique path forward is insolvency…

In the immediate aftermath of the Supreme Court’s PACCAR ruling, industry commentators recognized the impact that this judgement would have on future litigation funding agreements (LFAs), as well as on funded cases which are still ongoing. At an industry conference this week, one leading barrister acknowledged that they are already seeing the first signs of…