ILFA comments on potential reforms

Leslie Perrin, in his capacity as chairman of the International Legal Finance Association, has provided comments to UNCITRAL’s working group in relation to the draft provisions on the regulation of third-party funding in Investor-State Dispute Settlement. Among other things, ILFA notes that in preparing the proposals, the Secretariat has not meaningfully engaged with the funding market generally and has not cited data in support of the various assumptions underpinning the draft provisions. Read more.

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Funder News

ILFA appoints Gary Barnett as Executive Director and General Counsel

The International Legal Finance Association (ILFA) has appointed Gary Barnett as Executive Director and General Counsel. Launched 12 months ago, ILFA is the first-ever global association devoted to the growing commercial legal finance industry. Previously at the U.S. Department of Justice (DOJ), Barnett served in various roles since 2017, most recently as Senior Counselor to the Attorney General in the Office of the Attorney General. Barnett also served as the DOJ’s Acting Director in the Office of Victims of Crime and Acting Chief of Staff to the Attorney General. Prior to joining the DOJ, he was the Staff Director and Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Privacy, Technology and the Law. Barnett received his J.D. from Georgetown University Law Center and his B.A. in History and Economics from Boston University.

In the News

CMS clashes with claimant lawyers and funders over ‘remarkable rise’ in European class actions

Claimant law firms and litigation funders have hit back at claims by CMS that they are helping to fuel a ‘remarkable’ rise in the number of European class actions, with Leslie Perrin of Calunius Capital arguing that “the assertion by CMS to their clients that class action risk is, increasingly, a board-level issue must be a good thing for business and society as it ensures greater accountability and adherence to the rule of law.”

Funder News

ILFA adds members to management committee

The International Legal Finance Association has added three new members to its Management Committee: Marcel Wegmüller of Nivalion, Kevin McCaffrey of LFG and David Gallagher of the D. E. Shaw Group.

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