Litigation Finance: Benefits for Companies
Every economic downturn is followed by an increase in litigation, and Covid19 is no exception. This crisis is generating many contractual breaches, force majeure disputes, disputes with suppliers, Employment Regulation Plans… But many companies face a tough choice: to invest their capital in legal services or even in a meritorious judicial or arbitral proceeding, or to reinvest those resources in the business to deal with these hard times. Litigation finance puts an end to this problem. Litigation funding or “third party funding” is a legal tool that allows an external party to a judicial or arbitral procedure to pay its…