News and analysis dedicated to the commercial litigation funding sector including regulatory issues, case developments, funding activities, and more.
Commercial
2951 Articles
What Lloyd v. Google Means for UK Class Actions and Litigation Funders
The Lloyd v. Google claim has given rise to some thought-provoking questions:
- Has Google breached its duties as a data controller? If so, have class members of the ensuing collective action suffered quantifiable damages?
- How exactly should “same interest” be determined in a case regarding the misuse of data?
- Do individual members of a class have to demonstrate material harm in order to receive recompense?
In the following article, we will explore the answers to these and other questions that have arisen from Case UKSC 2019/0213, otherwise known as Lloyd v. Google.
High Court Ruling Suggests Funder Liability Is Broader Than Expected
The extent and scope of litigation funding liability is being questioned, after a High Court ruled the funder was liable for costs predating the litigation funding agreement (LFA).
Soros Pumps £5MM in Litigation Finance Investment
The Soros Economic Development Fund has issued a £5MM investment into Aristata Capital. This brings Aristata’s total fundraise to well over £40MM. The firm has been established to protect social change projects and the environment.
Legal Dive Explores the Evolution of Legal Investment Economics
Researchers around the world are providing examples of litigation finance becoming an increasingly important asset class. This, as investors are on the hunt for high return opportunities with compounding portfolio effects.
Erasmus’ Litigation Investment Innovation Library
Erasmus Law Review hosts white papers from 10 of Europe’s top legal finance scholars. The library highlights major developments and barriers to litigation financiers.
The European Litigation Funders Association to Launch Operations
Omni Bridgeway, Deminor and Nivalion AG have teamed up to organize the launch of the European Litigation Funders Association (ELFA). Tasked with helping expand legal finance innovation across Europe, ELFA will represent industry best practices before international governments and legal associations.
Federal Court of Australia approves its power to make future orders for class closure
The following piece was contributed by Lillian Rizio and Max Hensen of Australian law firm, Piper Alderman.
The Full Federal Courts’ decision in Parkin v Boral Limited (Class Closure) [2022] FCAFC 47 (Parkin) confirms the courts’ power to issue pre-mediation (and settlement) soft class closure notices to group members. The decision hints at the (positive) appetite of the Federal Court in making future orders for class closure that facilitate a just outcome,[1] simplifies the assessment of quantum prior to settlement, and reduces an element of risk in funded litigation.
