{"id":241532,"date":"2024-10-16T09:53:43","date_gmt":"2024-10-16T09:53:43","guid":{"rendered":"https:\/\/dominiclevent.com\/blog\/?p=241532"},"modified":"2024-10-16T09:53:43","modified_gmt":"2024-10-16T09:53:43","slug":"report-opposes-tight-regulation-on-litigation-funding","status":"publish","type":"post","link":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/","title":{"rendered":"Report Opposes Tight Regulation on Litigation Funding"},"content":{"rendered":"\n<div>\n<p>A recent report advises against regulating third-party litigation funding unless issues arise.<\/p>\n<ul>\n<li>The European Law Institute recommended principles over strict regulation for TPLF.<\/li>\n<li>These principles aim to enhance transparency and fairness in litigation funding.<\/li>\n<li>Concerns on prescriptive regulation affecting funding availability were raised.<\/li>\n<li>The report focuses on key content and awareness in funding agreements.<\/li>\n<\/ul>\n<p>In a comprehensive report by the European Law Institute (ELI), the necessity to regulate third-party litigation funding (TPLF) only arises when specific market failures or identifiable problems are evident. <i>Instead of immediate regulation, the ELI advocates for a set of guiding principles<\/i> aimed at ensuring transparency, fairness, and accessibility in the TPLF landscape.<\/p>\n<p><strong>The report highlights the importance of key minimum content and full understanding of terms by the funded parties<\/strong>, suggesting this as a more beneficial focus than compulsory regulation.<\/p>\n<p>This finding precedes the long-awaited interim conclusions of the Civil Justice Council\u2019s review on TPLF, initially slated for release over the summer and led by Dame Sara Cockerill, a High Court judge, alongside Austrian academic Professor Susanne Augenhofer, with input from Barrister Joseph Rich of 7KBW.<\/p>\n<p>Among the influential members advising this project were former Lord Chief Justice, Lord Thomas, and Susan Dunn, founder of Harbour Litigation Funding. They, along with others, sought to create a balanced view of TPLF\u2019s merits and challenges.<\/p>\n<p>While acknowledging the limited utility of existing self-regulation, the ELI report notes that such codes are often developed by experienced market participants, potentially leaving less sophisticated users overlooked. A wider regulatory framework, some argue, remains in nascent stages despite growing support.<\/p>\n<p>A crucial concern is that prescriptive regulation could disrupt the risk\/reward balance, potentially deterring funders and limiting access to justice. <strong>The report warns that increased costs tied to regulation could inhibit the availability of diverse funding solutions<\/strong> that cater to different legal contexts.<\/p>\n<p>The ELI presents its principles as a middle-ground approach, focusing on critical areas to ensure fairness for both funders and funded parties. They insist on the importance of disclosing the existence and details of funding to the parties involved, capital adequacy, and funders\u2019 fees.<\/p>\n<p>These principles include a comprehensive framework of twelve pivotal guidelines, addressing transparency, the funders\u2019 control over proceedings, and dispute resolution within funding agreements.<\/p>\n<p>By proposing a standardised yet flexible framework, the report aims to maintain TPLF as a viable and effective means of supporting access to justice while safeguarding against unfair practices.<\/p>\n<p>The ELI\u2019s measured approach suggests that careful guidance may better serve the TPLF sector than imposition of strict regulations, preserving justice access.<\/p>\n<\/div>\n\n<p><a href=\"http:\/\/www.bing.com\/news\/apiclick.aspx?ref=FexRss&amp;aid=&amp;tid=670f49b7527e44b6b54b57c63ced1106&amp;url=https%3A%2F%2Fwww.financial-news.co.uk%2Freport-opposes-tight-regulation-on-litigation-funding%2F&amp;c=17757693240093004261&amp;mkt=en-gb\">Source link <\/a><br \/>\n<a href=\"https:\/\/www.dominiclevent.com\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-19471\" src=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg\" alt=\"\" width=\"400\" height=\"350\" \/><\/a><\/p>\n<p><center><iframe loading=\"lazy\" src=\"https:\/\/www.google.com\/maps\/d\/u\/1\/embed?mid=1w4tN9mf5kVdBXUXTq2KvwE23NmpUzEna\" width=\"640\" height=\"480\"><\/iframe><\/center>&nbsp;<\/p>\n<p><center><iframe loading=\"lazy\" style=\"border: 0px #ffffff none;\" src=\"https:\/\/calendar.google.com\/calendar\/embed?src=sc635csnrm8h9s9lq0cad6vkss@group.calendar.google.com\" name=\"myiFrame\" width=\"600px\" height=\"3px\" frameborder=\"1\" marginwidth=\"0px\" marginheight=\"0px\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/center>&nbsp;<\/p>\n<p><center><\/center><\/p>\n<div>\n<div><img decoding=\"async\" src=\"http:\/\/www.dominiclevent.com\/wp-content\/uploads\/2018\/06\/Business_Solicitors_London.jpg\" width=\"600\" \/><\/div>\n<p>&nbsp;<\/p>\n<div>Dominic Levent Solicitors<\/div>\n<div>Email: Enquiries@dominiclevent.com<\/div>\n<div>Phone: 020 8347 6640<\/div>\n<div>Url: https:\/\/www.dominiclevent.com<\/div>\n<div style=\"display: none;\">cash, check, credit card, invoice<\/div>\n<p>&nbsp;<\/p>\n<div><\/div>\n<div>\n<div>1345 High Rd<\/div>\n<div>London, London N20 9HR<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A recent report advises against regulating third-party litigation funding unless issues arise. The European Law Institute recommended principles over strict regulation for TPLF. These principles aim to enhance transparency and fairness in litigation funding. Concerns on prescriptive regulation affecting funding availability were raised. The report focuses on key content and awareness in funding agreements. In &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Report Opposes Tight Regulation on Litigation Funding&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-241532","post","type-post","status-publish","format-standard","hentry","category-news1","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog\" \/>\n<meta property=\"og:description\" content=\"A recent report advises against regulating third-party litigation funding unless issues arise. The European Law Institute recommended principles over strict regulation for TPLF. These principles aim to enhance transparency and fairness in litigation funding. Concerns on prescriptive regulation affecting funding availability were raised. The report focuses on key content and awareness in funding agreements. In &hellip; Continue reading &quot;Report Opposes Tight Regulation on Litigation Funding&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Dominic Levent Solicitors Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-16T09:53:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg\" \/>\n<meta name=\"author\" content=\"spainops\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"spainops\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\",\"url\":\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\",\"name\":\"Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog\",\"isPartOf\":{\"@id\":\"https:\/\/dominiclevent.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg\",\"datePublished\":\"2024-10-16T09:53:43+00:00\",\"author\":{\"@id\":\"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/bacc79b48921539cd8fc642f86d23254\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage\",\"url\":\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg\",\"contentUrl\":\"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/#website\",\"url\":\"https:\/\/dominiclevent.com\/blog\/\",\"name\":\"Dominic Levent Solicitors Blog\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dominiclevent.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/bacc79b48921539cd8fc642f86d23254\",\"name\":\"spainops\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6a2648c0ace71d8dde31f2a9e8b370b694f81d70a3ed9ccfb9ec45550a223943?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6a2648c0ace71d8dde31f2a9e8b370b694f81d70a3ed9ccfb9ec45550a223943?s=96&d=mm&r=g\",\"caption\":\"spainops\"},\"sameAs\":[\"https:\/\/dominiclevent.com\/blog\"],\"url\":\"https:\/\/dominiclevent.com\/blog\/author\/spainops\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/","og_locale":"en_US","og_type":"article","og_title":"Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog","og_description":"A recent report advises against regulating third-party litigation funding unless issues arise. The European Law Institute recommended principles over strict regulation for TPLF. These principles aim to enhance transparency and fairness in litigation funding. Concerns on prescriptive regulation affecting funding availability were raised. The report focuses on key content and awareness in funding agreements. In &hellip; Continue reading \"Report Opposes Tight Regulation on Litigation Funding\"","og_url":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/","og_site_name":"Dominic Levent Solicitors Blog","article_published_time":"2024-10-16T09:53:43+00:00","og_image":[{"url":"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg","type":"","width":"","height":""}],"author":"spainops","twitter_card":"summary_large_image","twitter_misc":{"Written by":"spainops","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/","url":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/","name":"Report Opposes Tight Regulation on Litigation Funding - Dominic Levent Solicitors Blog","isPartOf":{"@id":"https:\/\/dominiclevent.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage"},"image":{"@id":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage"},"thumbnailUrl":"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg","datePublished":"2024-10-16T09:53:43+00:00","author":{"@id":"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/bacc79b48921539cd8fc642f86d23254"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dominiclevent.com\/blog\/report-opposes-tight-regulation-on-litigation-funding\/#primaryimage","url":"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg","contentUrl":"https:\/\/dominiclevent.com\/blog\/wp-content\/uploads\/2017\/11\/litigation-300x225.jpg"},{"@type":"WebSite","@id":"https:\/\/dominiclevent.com\/blog\/#website","url":"https:\/\/dominiclevent.com\/blog\/","name":"Dominic Levent Solicitors Blog","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dominiclevent.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/bacc79b48921539cd8fc642f86d23254","name":"spainops","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/dominiclevent.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6a2648c0ace71d8dde31f2a9e8b370b694f81d70a3ed9ccfb9ec45550a223943?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a2648c0ace71d8dde31f2a9e8b370b694f81d70a3ed9ccfb9ec45550a223943?s=96&d=mm&r=g","caption":"spainops"},"sameAs":["https:\/\/dominiclevent.com\/blog"],"url":"https:\/\/dominiclevent.com\/blog\/author\/spainops\/"}]}},"_links":{"self":[{"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/posts\/241532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/comments?post=241532"}],"version-history":[{"count":0,"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/posts\/241532\/revisions"}],"wp:attachment":[{"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/media?parent=241532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/categories?post=241532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dominiclevent.com\/blog\/wp-json\/wp\/v2\/tags?post=241532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}