Third-Party Litigation Funding
Third-party litigation funding allows the transfer by the plaintiff of his/her legal costs to a financial company whose sole aim is to make profit. TPLF have an impact on access to justice but also on conflict resolution and finally on social well-being. The aim is to show how law and economics scholars invest this new field of the conflict literature and study the role of this new actor in the litigation.
Third-party litigation funding (TPLF) is a financial activity that consists in an investment company specialized in the financing of litigation agreeing to cover all or part of the trial costs of a litigant, in exchange for a portion of the damages paid if the case is won. The remuneration of the funding third party can be a multiple of the initial investment (1.5–6 times), a percentage of the award obtained in a judgment or out-of-court settlement (20–40%, sometimes 50%), or a...
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