Funding can bridge the gap with a hybrid approach that helps a company reduce its litigation outlay while allowing a firm to take a more measured risk.
On 1 January 2017, the Singapore International Arbitration Centre (SIAC) introduced the first edition of its Investment Arbitration Rules. Amongst the innovations, the Rules recognise that Third Party Funding (TPF) arrangements exist and confirm that Tribunals have the power to obtain information concerning such arrangements. In this post, Susanna Khouri, Oliver Gayner and Nathan Landis of IMF Bentham share their perspectives on the developments.
Vaughn Walker, retired Chief Judge of the U.S. District Court for the Northern District of California and a member of Bentham’s Investment Committee, sat with ALM’s Ben Hancock for a podcast interview where he took industry critics to task as well as discussed the benefits of litigation finance.
Bentham IMF Legal Counsel Julia Gewolb discusses the Singapore Parliament’s recent passage of legislation allowing the use of litigation finance in international arbitration cases.
On 10 January 2017, the Civil Law (Amendment) Bill (38/2016) passed its second reading before the Parliament of Singapore. The Bill abolishes the torts of maintenance and champerty, and for the first time makes it expressly lawful for a third party to fund dispute resolution proceedings in Singapore.
In the United States, the litigation finance industry is more mature than in Canada; American law firms and clients often use funding to pursue meritorious commercial litigation. At the same time, the U.S. market is evolving quickly. In just five years since Bentham opened its first U.S. office, it represents approximately 50% of our cases worldwide.
Bentham IMF’s New York Investment Managers and Legal Counsel, Dave Kerstein and Jim Batson explain how Bentham structures its financing deals to enable risk sharing while delivering simplicity, fairness, and transparency.
Law360 published an expert analysis column written by Bentham IMF’s Chief Investment Officer, Ralph J. Sutton, which sets forth several predictions about major commercial litigation funding trends to watch in the new year.
Law.com published an article written by Bentham IMF Legal Counsel, John Harabedian, regarding the assortment of notable legal decisions relating to litigation funding that were handed down in 2016.
While each funder uses a unique set of criteria to assess the potential value of investing in a case, lawyers are likely to find similarities in the factors taken into consideration.
Involving an experienced litigation funder at an early stage can give clients a significant strategic advantage, certainty about how their litigation will be resourced, and eliminate adverse costs risk.
Litigation funding may provide an effective alternative to selling receivables for law firms looking to quickly improve cash flow, enhance profitability, and preserve future revenue.