The free guide to costs, funding and the Jackson reforms
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Acasta Sparkle Capital
Acasta European Insurance Company Limited is a Gibraltar insurer operating exclusively through Acasta Europe Limited in the UK and is a leading underwriter of After the Event Legal Expenses insurance and non-recourse Litigation Funding products in conjunction with Sparkle Capital Limited. Sparkle Capital is designed for disputes over £500,000. Sparkle Capital Lite is designed for […]
Acasta Europe
Acasta European Insurance Company Limited is a Gibraltar insurer operating exclusively through Acasta Europe Limited in the UK and is a leading underwriter of After the Event Legal Expenses insurance and non-recourse Litigation Funding products in conjunction with Sparkle Capital. Established for over 10 years and operating throughout the UK, Acasta has an experienced underwriting […]
Modern Litigation Trends Conference 2017
The last 18 months have seen significant growth in the use of litigation funding particularly by large corporate organisations concerned about the financial pressures placed on in-house legal budgets in managing risk and future costs. Such organisations are balancing the opportunities that litigation funding can provide against the costs and returns from litigation activities. Litigation funding facilitates all types of cases from single cases to portfolios of claims. Each proposal presents a unique opportunity to support litigation in a predictable cost effective way whilst maintaining independence and control for individuals and companies involved.
Protecting the cost of clients’ initial disbursements
The majority of solicitors appreciate the need to offer their clients financial protection during the course of litigation, however, often this is left until the need arises to issue proceedings. At this juncture solicitors often deem it appropriate to recommend of the possibility in obtaining After the Event Insurance.
Good News for the Personal Injury Sector!
With the recent withdrawal of The Prisons and Courts Bill as a result of the dissolution of Parliament due to June’s upcoming general election, this is a welcome respite for Claimant Personal Injury Lawyers, who were opposed to the changes.
Third Party Litigation Funding Continues to Grow
With court fees rising and litigation becoming increasingly expensive, third party litigation funding continues to grow. There are various reasons clients may want to consider litigation funding, such as the need for a cash injection to enable them to get their case off the ground or the desire to take the litigation risk off their balance sheet and avoid having funds tied up in lengthy legal battles. Litigation funding can also be a useful tool for solicitors as it can provide payment of their fees where a client does not have the funds to continue with the litigation.
Update – Government Responds on Third Party Litigation Funding Regulation
In December 2016, Lord Hodgson submitted a written request to the MoJ asking the government whether it planned to introduce regulations to ensure that litigation funders are subject to the same statutory duties and obligations as law firms.
