Tuesday, November 6, 2012
Cento Veljanovski of Case Associates, Institute of Economic Affairs, and Centre for Regulation and Market Analysis, has published in the Journal of Law, Economics and Policy, Vol 8, 2012, an article entitled “Third Party Litigation Funding in Europe.” The article is posted on SSRN.
Based on interviews of all UK based third party litigation funders the paper provides new empirical evidence on the nature, extent and type of third party funding of litigation. It also examines the emergence of new group or class action third party funders in Europe focused primarily on follow-on cartel damage claims. The discussion is then expanded to the broader issues such as the justification for third party funding, its impact and a critical assessment of the arguments against such funding.PM