46 Pages Posted: 14 Dec 2011 Last revised: 6 Nov 2012
Date Written: December 9, 2011
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.
Keywords: litigation, legal costs, third party funding, class actions, legal access, legal insurance, cartel damages
JEL Classification: K13, K40, K41, G22, G24, L12
Suggested Citation: Suggested Citation
Veljanovski, Cento, Third Party Litigation Funding in Europe (December 9, 2011). Journal of Law, Economics and Policy, Vol. 8, 2012. Available at SSRN: https://ssrn.com/abstract=1971502