Posts Tagged : Third Party Funding

Litigation Funding Regulation proposed
Guido Demarco for Expansion about the New Resolution on Responsible private funding of litigation

How to regulate Litigation Funding is a current trend lately. In this regard, Guido Demarco, Director of Stonward, has published an op-ed in the Spanish newspaper Expansión talking about the new Resolution approved by the European Parliament on Responsible Private Funding of Litigation. The Resolution, dated 13 September 2022, recognizes that litigation funding is a growing practice in the EU and calls for a proposal for a Directive to establish common minimum standards on third-party commercial litigation funding addressing the transparency, fairness and proportionality of this tool. The problem, according to Guido, is that the proposed regulation is prone to “over-regulation”. The…

European Parliament resolution on Responsible Private Funding of Litigation

The European Parliament has approved a set of recommendations to the Commission on Responsible private funding of litigation. The Resolution, dated 13 September 2022, recognizes that litigation funding is a growing practice in the EU and calls for a proposal for a Directive to establish common minimum standards on third-party commercial litigation funding addressing the transparency, fairness and proportionality of this tool. At Stonward, we already addressed some of the European Parliament’s concerns and some of the issues raised in the resolution. During the second International Congress on Litigation Funding (LF), organized by Stonward and the Peruvian Institute of Arbitration, several experts on Litigation…

European Class Action Report 2022

The second annual European Class Action Report 2022 published by international law firm CMS has been released. The report looks at class action activity in the UK and across Europe over a six-year period from 2016 to 2021. It is the only study to analyze data from class action proceedings across Europe and to map a true picture of class action risk. These are the key findings: The number of class actions filed in 2021 exceeds 2020, at 110 claims. This equates to growth of over 120% between 2018 and 2021. The explosive growth in ligation funding has been identified as…

Stonward, ranks Band 1 for Litigation Support – Chambers & Partners

Chambers 2022 Litigation Support, Europe-wide Litigation Funding: Brokers ranking has been announced. We are pleased and thrilled to share that Stonward has been ranked Band 1 in this ranking, and that our Director, Guido Demarco, has also achieved it. Thank you to our clients for their feedback and thanks to the researchers for their hard-work 👏. See here the full ranking.

The media echoes the signing of our new Director, Guido Demarco

Several media outlets have echoed the news about our new Director, Guido Demarco. Leader’s League, Litigation Finance Journal, Lawyer Press and Litigation Finance Insider have published the news. “Stonward Litigation Funding announced today that Guido Demarco will join the firm as its new director and head of Legal Assets, where his focus will be on Spain and the Americas. Stonward was recently ranked by Leaders League as Highly Recommended in Dispute Resolution in Uruguay, Peru, Mexico, Ecuador, Colombia, Chile, Bolivia and Argentina”, explained Leader’s League. Read all the news here: Litigation Finance Journal Litigation Finance Insider Lawyer Press Leader’s League

The I International Congress on Third Party Funding in International Arbitration in the media

Latin America is a clear point of interest for litigation funders due to its unequivocal prominence in the resolution of disputes through arbitration, this was the clear conclusion of the I International Congress on Third Party Funding in International Arbitration, organized by the Peruvian Institute of Arbitration and Stonward Litigation Funding, and the media have noticed it. Europa Press, Notimerica, Lawyer Press, Diario Jurídico, El Confidencial Digital, Bolsamanía, Infobae, Diario Siglo XXI, MSN, Press Digitial… are some of the media that have written about this first Congress that took place online. For two days, June 29 and 30, experts from the world…

EVENT: I International Congress on Third Party Funding in International Arbitration

Stonward and the Peruvian Arbitration Institute organize the I International Congress on Third Party Funding in International Arbitration The I International Congress on Third Party Funding in International Arbitration, organized by Stonward Litigation Funding and the Peruvian Institute of Arbitration, will take place on June 29 and 30. The event will take place online and will be broadcasted live via Zoom. During the two days of the Congress, attendees will learn from the region’s leading experts in the field from basic issues such as what is third-party funding, how legal finance works and key aspects of its regulation, to practical…

Carolina Bayo writes for the newspaper Expansión about the new ICC regulation

The economic newspaper Expansión publishes our Senior Director’s opinion on the new ICC Regulation that just entered into force. Carolina Bayo explains that one of the most significant changes in the new Regulation with respect to its 2017 version, which will continue to apply to cases filed before January 1, 2021, is that it includes an expected specific provision on funders and a necessary obligation for the parties: to inform about the existence of third-party funding. The obligation does not specify that the terms of the funding agreement must be disclosed. In Carolina’s opinion, the solution established by the ICC…