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Juridica to extend litigation funding to law firm portfolio finance and arbitrations
Litigation funder Juridica has announced that it intends to diversify its approach and extend its investments to law firm portfolio finance and arbitrations.
Government to allow opt-out collective actions – but not on contingency fees
The government is to introduce opt-out collective actions for competition law claims, but lawyers will not be able to handle them on a contingency fee basis, it announced today. Law firms and third-party litigation funders will also not be allowed to initiate such cases.
Warning over third-party funders fuelling new "litigation industry"
Businesses have warned the government that allowing ‘opt-out’ class actions in competition law will spark “a new litigation industry based on funding and pursuing” such cases, as well as introducing a US-style culture.
