The Third Party Funding Market in Asia
Funding requests across Asia are on the rise, prompting exponential growth in third party investment. Paul Starr, co-head of arbitration at King Wood & Mallesons, is one of Asia’s third party funding pioneers. Starr underscores the various litigation costs that weigh heavily on investors' minds. In a video produced by Conventus Law, Starr profiles Asia’s third party funding marketplace. Below are some key highlights from a corresponding report from Starr, also under the Conventus banner: Starr: “It’s at the point where clients have requested a review of already-agreed legal fees for ongoing cases. While discussing such things at the start of a case is not an issue, it becomes exponentially more difficult once a case is underway.” Starr added: “Some are even opting to settle disputes for far less than expected, rather than continue carrying the cost of the case. In some cases, settlements have been reached on the verge of a judgment being handed down.”