‘Third-party funding of collective actions: is it all that bad?’

“Third-party litigation funding refers to an arrangement whereby a third party, who has no other connection to the litigation, finances some or all of a party’s legal costs in return for a share of any proceeds of the litigation. While third-party funding solves the problem of funding the litigation and enables wider access to justice for consumers, it could lead to excessive economic costs, opportunistic and ‘frivolous claims’ …” (more)

[Recent developments in European Consumer Law, 21 March]

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