Crowdfunded Justice: On the Potencial Benefits and Challenges of Crowdfundings as a Litigation Financing Tool
30 Pages Posted: 9 Dec 2015
Date Written: December 4, 2015
This Article describes the blossoming CLF sector by placing it in the context of the fast-growing crowdfunding industry and the alternative litigation finance industry. Part I first explains the basic structure, variations in the types of crowdfunding financing, and the overall impact of crowdfunding, after which this Article turns to highlight the most important issues that arise in the context of alternative litigation finance in Part II. Subsequently, in Part III, the Article explains the main features of the emerging CLF sub-industry and examines the universe of recently launched crowdfunding campaigns geared towards seeking funding for litigated cases. This Part — and the Article — ends with a brief discussion on the possible challenges that affect the development of CLF, and how the sub-industry’s players are addressing them.
Keywords: crowdfunding, alternative litigation financing, third party funding, litigation, access to justice
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