Tag Archives: third party funding
Forget Hong Kong and Singapore, the Rest of Asia is Ripe for Third Party Funding
Hong Kong Singapore, Hong Kong Singapore… when funders discuss Asian markets, it’s all they seem to talk about. With good reason, I suppose. But that won’t be true for very long. As global funders flush with capital look to expand their footprints ever further afield, nearby jurisdictions where third party funding (TPF) is either not prohibited…
Senate Bill Follows Federal Judge’s Decision to Mandate Disclosure of Third Party Funding Docs
Just days after a federal judge in a multi-district litigation proceeding ordered a review by the court of any litigation funding agreements connected to the claim, three United States Senators have submitted a bill that seeks to mandate disclosure of third party funders and agreements in all commercial class actions and MDL claims….
Scottish Parliament Passes Civil Litigation Bill; Mandates Third Party Funding Disclosure
On 1 May 2018, the Scottish Parliament passed the Civil Litigation (Expenses and Group Proceedings) (Scotland) Bill. The bill, which for the first time allows Scottish solicitors to enter into damages based agreements (DBAs), aims to make civil litigation more accessible, and costs for claimants more predictable….
Federal Judicial Survey Reveals Disclosure Obligations for Third Party Funders
A recent federal judicial survey reveals that all but 6 U.S. federal appeals courts and every single U.S. district court do not mandate disclosure obligations for third party funders. The report was published last week by court administrators in anticipation of the federal court’s Rules of Practice and Procedure meeting in April….
Paving the Way for Third-Party Dispute Resolution Funding in Singapore
On January 10th, 2017, the Singapore Parliament passed the Civil Law (Amendment) Act 2017, along with the Civil Law (Third-Party Funding) Regulations 2017, which in turn went into effect on March 1st of last year. These laws abolished the tort of maintenance and champerty and legalized third-party funding in relation to international arbitration proceedings, and related court and…
Move Over Carnival: Litigation Funding in Brazil is Heating Up!
Writing for Vannin’s Funding in Focus series, Carolina Ramirez, Managing Director in Vannin’s newly-formed New York office, describes the litigation funding climate in South America’s largest and most populous nation. Ramirez highlights both the perceptions and practical applications of litigation finance in Brazil, as well as the regulatory climate and challenges facing industry growth in the region.
How Singapore Welcomed and Regulated Third Party Litigation Funding
On January 10, 2017, Singapore’s Parliament passed the Civil Law (Amendment) Bill (No. 38/2016). The bill sharpens Singapore’s competitive edge as a leading arbitration seat (already widely considered the #1 seat of international arbitration in East Asia) by expressly permitting – yet regulating – third party funding. In addition to abolishing the common law tort of maintenance and champerty and legalizing third party funding arrangements in international arbitration and related proceedings, the bill both regulates third party funders and clarifies a legal practitioner’s professional duties when a third party funder is involved in a dispute.
Law Firm Lowenstein Sandler Explains How Third Party Funding is Fueling International Securities Class Actions
Fresh off their Capital Markets blog, law firm Lowenstein Sandler points to a rise in foreign securities class actions, and how that rise is directly attributable to the growth of third party funding worldwide….
Maritime Insurance May Pose Challenge to Third Party Funding in Hong Kong
Hong Kong recently approved third party funding for arbitration disputes. However, given the historical insurance arrangements typical of the maritime industry, it is reasonable to surmise that third party funding (TPF) agreements involving maritime companies may face challenges from traditional freight, demurrage, defence (FD&D) and P&I insurance arrangements….
Seedlings & Mediatube — 2 Patent Cases That Impact Third Party Funding in Canada
Canada. The land of hockey and maple syrup and Bieber (2 out of 3 ain’t bad). It’s also the land of third party funding, now that IMF Bentham has set up shop in Toronto (see our podcast interview with Tania Sulan, CIO of Bentham Canada), and TheJudge has opened not one, but two new offices…
