Our funder members are professionals working in
the litigation funding industry who satisfy the definition of funders within the meaning of the Code of Conduct.
He is a board member of the Association of Litigation Funders the self - regulatory body for
the litigation funding industry in England and Wales, of which Therium is a founding member.
We believe that this is the largest single investment ever raised in
the litigation funding industry globally, and is an indication of a market that is now attracting corporate investors drawn to returns that are not correlated with asset classes such as equities or real estate.
The litigation funding industry has grown rapidly in England and Wales, and around the world, in the past decade.
Therium is a founder member of the Association of Litigation Funders of England and Wales, the self - regulatory body regulating
the litigation funding industry in England and Wales.
The unregulated status of
the litigation funding industry in Australia ended with the Corporations Amendment Regulation 2012 (No. 6), dated 12 July 2012.
ALFA's main goals are to establish standards for
the litigation funding industry (such as transparency and full disclosure to plaintiffs) and to serve as the liaison with the public, government officials, and the media.
Since 1995
the litigation funding industry in Australia has enjoyed a statutory exception to the common law prohibition against maintenance and champerty to assist company administrators and liquidators to pursue debts on behalf of creditors of a company.
Lord Justice Jackson, who led the Civil Litigation Costs Review published in 2010, recommended self regulation for
the litigation funding industry, by way of a voluntary code of conduct.
The litigation funding industry has established and paid for its own regulation and defined best practice, protecting claimants who seek the rational management of financial risk in litigation and arbitration.
ALF's Mandate reads as follows: «The Association of Litigation Funders of England & Wales (ALF) is dedicated to promoting best practice in
the Litigation Funding industry and campaigning to improve the uses and applications of Litigation Funding as an additional resource for Access to Justice and rational management of financial risk in making claims.
We also welcome inquiries from any parties interested in learning more about
the litigation funding industry or our members.
The Association plays an important role in regulating
the litigation funding industry in England and Wales and is pleased to consider funders for membership; the Association also undertakes a rigorous complaints procedure when alerted to potential misconduct by members.
The article provides an update on the activities of
the litigation funding industry's self - regulatory body.
See below links to independent articles further explaining the Essar v Norscot decision and its potential effects on
the litigation funding industry:
As
the litigation funding industry becomes more established in Canada, one wonders whether judicial approval of litigation funding agreements will be made mandatory as a pre-condition to any litigation in the future.
The litigation funding industry is on the rise, and this case demonstrates a need for the law to catch up.
Singapore is keen to remain a competitive jurisdiction in which to pursue dispute resolution and many of those involved in
the litigation funding industry have welcomed the opening up of the market.
It was also ground breaking for
the litigation funding industry.
«While there may be scope within
the litigation funding industry to provide more creative funding arrangements for some larger claims, there will still be many to whom access to justice is severely restricted.
It's not yet clear exactly how deeply and broadly the CFPB wants to regulate
the litigation funding industry.
Regulation may have an impact on
the litigation funding industry.
After several entrepreneurial ventures, Patrick has become enthralled by
the litigation funding industry.
Woodsford Litigation Funding is a founder member of the Association of Litigation Funders of England and Wales, the body dedicated to promoting best practice in
the litigation funding industry and campaigning to improve the uses and applications of litigation funding.
Woodsford is a founder member of the Association of Litigation Funders of England and Wales (ALF), the body dedicated to promoting best practice in
the litigation funding industry and campaigning to improve the use and application of litigation funding.