Around the world today, litigation investors and their friendly regulators are grappling with various notions of third party funding regulation. The common concern related to litigation finance regulation is preserving and cultivating innovation, while embracing regulatory advancement. Legal Protection International hosted a webinar with leaders across the litigation finance industry to discuss the hot topic of litigation finance regulation.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
Around the world today, litigation investors and their friendly regulators are grappling with various notions of third party funding regulation. The common concern related to litigation finance regulation is preserving and cultivating innovation, while embracing regulatory advancement. Legal Protection International hosted a webinar with leaders across the litigation finance industry to discuss the hot topic of litigation finance regulation.
According to Legal Protection International, litigation finance is akin to the legacy insurance industry, in that litigation investors are taking an evolved approach to legal issues that traditionally insurers would cover.
Litigation finance regulatory innovation will likely traverse similar obstacles that the insurance industry was able to overcome. Dr. Herbert Woopen (Director, Legal Policy at the European Justice Forum) suggests a need for a restrictive regulatory approach to litigation finance, similar to the insurance industry.
Thomas Kohlmeier (CEO/Partner at Nivalion) leads one of Europe’s foremost litigation funders. Kohlmeier says that from his perspective, restrictive regulation does not hinder innovation. Click here to watch the webinar discussion.
