March 22, 2022

Eric Chang of Chang Law and Sean McCarthy of ArbTech argue that even though the particulars of blockchain startup Ryval’s offering generate serious doubts about its viability and attractiveness for potential investors, the broader tokenization concept raises fascinating possibilities for the litigation finance space, potentially creating entirely new funding markets and classes of investors.
Dai Wai Chin Feman of Parabellum Capital counters views often expressed by property/casualty insurance organizations and explains why commercial litigation funding is not the root of social inflation. He offers data to show that the industry is too small to materially contribute to social inflation. In his view, regulation reforms being pushed by insurers and reinsurers would increase insurance costs and prolong case durations. He urges the insurance industry to embrace commercial funding as an opportunity for the development and expansion of new and existing business lines.
The UK data protection collective action against Google and its DeepMind subsidiary has been discontinued in its current form, according to reports. Group representative Andrew Prismall and Mishcon de Reya have withdrawn their action for data privacy breaches which was on behalf of a 1.6 million-strong class whose confidential data was shared in breach of data protection law. The withdrawal of the case is likely influenced by the failure of advertising cookies case Lloyd v Google, which was rejected by the Supreme Court in November last year.

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