NY ruling correctly deems legal finance docs irrelevant

Andrew Cohen of Burford Capital reviews the first decision from the New York Appellate Division that directly addresses the discoverability of legal finance materials, noting that the ruling in Worldview Entertainment Holdings Inc. v. Woodrow affirms the denial of a motion to compel production of, inter alia, litigation funding documents, as the defendant failed to explain “how discovery about litigation financing and witness payments would support or undermine any particular claim or defense.”

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What the new ACICA Arbitration rules mean for legal finance in Australia

Matt Lee of Burford explains how the new ACICA Arbitration rules impact legal finance in Australia, including a rule that clients can now use funding to remove not only the downside cost of legal fees, expenses and adverse costs, but also third-party funding costs that would otherwise be paid out of any award in a successful case.

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A report on class action recoveries: Why companies opt out and what they stand to gain

New research commissioned by Burford Capital demonstrates that companies that choose not to opt out of a class action proceeding do so for economic reasons, and that companies with large claims stand to recover more and can preserve their budgets by using legal finance as part of their opt out strategies. The research also shows that companies already using legal financing are opting out three times more often than their competitors.

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