The UK High Court has warned about the potential unfairness to defendants facing a claimant operating ‘risk-free’ under a damages-based agreement (DBA) and backed by after-the-event (ATE) insurance. More from Legal Futures.
The UK High Court has warned about the potential unfairness to defendants facing a claimant operating ‘risk-free’ under a damages-based agreement (DBA) and backed by after-the-event (ATE) insurance. More from Legal Futures.
The “explosive growth” of litigation funding is behind an increase in class actions across Europe over the past two years, a report by the law firm CMS has argued. Kenny Henderson of CMS warns though that “as litigation funding expands, and in particular into class actions where the class members are often private individuals without independent legal advice, we are expecting increasing calls for formal statutory regulation.”
Following its successful investment in specialist London fraud firm PCB Byrne, Burford is reportedly looking for more law firms willing to exchange a minority stake for capital as an alternative to a stock market listing. Separately, London dispute resolution law firm Pallas Partners has said it is open to the possibility of external investment.
Two major representative actions over alleged data breaches have been discontinued in the wake of last year’s Supreme Court ruling in Lloyd v Google. The YouTube data breach claim that sought damages of up to £2.5bn, was one of the cases discontinued, and was advised by Hausfeld and backed by funder Vannin Capital. The other case discontinued was one brought by Mishcon de Reya on behalf of approximately 1.6 million people whose confidential medical records were obtained by Google and DeepMind Technologies in breach of data protection laws.
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