Opponents of the EU clampdown on the booming litigation funding sector are pointing to the unwinding of similar proposals that were made to regulate the industry in Australia and arguing that legislators pushing for more regulation have failed to understand how the industry operates. Read more.
Rachel Rothwell, editor of Litigation Funding Magazine, describes how the entire litigation funding industry could be turned on its head by a UK Supreme Court decision that could potentially render most – if not all – litigation funding agreements unenforceable.
Law for Change, a new community interest litigation funder set up to support actions that could help change the law ‘for wider public good’, is making waves, having already backed several cases, including a High Court challenge to the government’s controversial Rwanda asylum policy.
Novitas has taken another hit, paying another £5.3m in compensation to divorce and probate clients who took out loans to fund their litigation.
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