The government said on Monday that it intends to reverse the ‘damaging effects’ of a U.K. Supreme Court hearing that it has threatened the business model of litigation funders, as the Post Office scandal revealed the growing role financers play in civil claims.
Martyn Day, co-president of The Collective Redress Lawyers Association welcomed the Lord Chancellor’s commitment to legislate as quickly as possible.
“It has been alarming to see those opposed to litigation funding – unscrupulous big businesses and their cheerleaders – attempting to argue for legislation to restrict funders and law firms from obtaining justice,” Day said on Tuesday.
For the full article written by Marialuisa Taddia and published by Law360 on 15 January 2024, click here.
Published on January 16, 2024 by CORLA