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Please note that the questions and answers on this page are for general information only and must not be used as a substitute for legal advice.
Litigation funding, also known as third party funding or litigation finance, is where a third party (with no prior connection to the litigation) agrees to finance all or part of the legal costs of the litigation, in return for a fee payable from the proceeds recovered by the funded litigant.
You may wish to consider third-party litigation funding if, without it, you would not be able to afford to pursue a legal action. If your legal budget is limited, third party funding could also allow you to finance multiple claims.
By investing in larger numbers of smaller cases we reduce the risk that by losing a single case it will have an adverse effect on the portfolio.
ATE ('After The Event') insurance is a type of legal expenses insurance policy that provides cover for the legal costs incurred in the pursuit or defence of litigation and arbitration. The policy is purchased after a legal dispute arises. ... liability to pay an opponent's legal costs if the opponent wins.
Although there are also a large number of cases here, each of the cases is slightly different and the defendant may not be the same for every case, unlike in a Group Action lawsuit.
No, bulk litigation follows a legal strategy and has legal characteristics that are similar for each case. Although lawyers are involved at every stage in bringing the case to court, it is much more process driven than larger corporate cases and therefore once Investors are comfortable with the underlying strategy and the outcome of these of cases it becomes a very scalable opportunity.