Third Party Funding in Australia and Europe

George Barker

Third Party Funding in Australia and Europe

George Barker

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper

Abstract

Third party litigation funding (TPLF) arises when someone not otherwise involved with a particular litigation2, pays the cost of the litigation for one party, and may also accept the risk of paying the other party's costs if the case fails. 3 In return, if the case succeeds, the third party litigation funder is usually paid a success fee, usually a share of the proceeds (and usually after reimbursement of costs). TPLF is thus to be distinguished from legal expenses insurance (LEI) where an insurer is paid a premium for either before the event (BTE), or after the event (ATE) insurance of legal expenses. TPLF is also to be distinguished from situations where lawyers for a claimant may accept a conditional fee agreement (CFA)4 or a contingency fee.

Original language	English
Title of host publication	Proceedings of Third Party Funding in Australia and Europe
Editors	George Barker
Place of Publication	N/A
Publisher	Online only
Pages	58pp
Publication status	Published - 2011
Event	Third-Party Financing of Litigation: Civil Justice Friend or Foe - New York USA, United States Duration: 1 Jan 2011 → … http://www.masonlec.org/events/third-party-financing-of-litigation-civil-justice-friend-or-foe/

Conference

Conference	Third-Party Financing of Litigation: Civil Justice Friend or Foe
Country/Territory	United States
Period	1/01/11 → …
Other	October 5-6 2011
Internet address	http://www.masonlec.org/events/third-party-financing-of-litigation-civil-justice-friend-or-foe/

Cite this

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title = "Third Party Funding in Australia and Europe",

abstract = "Third party litigation funding (TPLF) arises when someone not otherwise involved with a particular litigation2, pays the cost of the litigation for one party, and may also accept the risk of paying the other party's costs if the case fails. 3 In return, if the case succeeds, the third party litigation funder is usually paid a success fee, usually a share of the proceeds (and usually after reimbursement of costs). TPLF is thus to be distinguished from legal expenses insurance (LEI) where an insurer is paid a premium for either before the event (BTE), or after the event (ATE) insurance of legal expenses. TPLF is also to be distinguished from situations where lawyers for a claimant may accept a conditional fee agreement (CFA)4 or a contingency fee.",

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note = "Third-Party Financing of Litigation: Civil Justice Friend or Foe ; Conference date: 01-01-2011",

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}

TY - GEN

T1 - Third Party Funding in Australia and Europe

AU - Barker, George

PY - 2011

Y1 - 2011

N2 - Third party litigation funding (TPLF) arises when someone not otherwise involved with a particular litigation2, pays the cost of the litigation for one party, and may also accept the risk of paying the other party's costs if the case fails. 3 In return, if the case succeeds, the third party litigation funder is usually paid a success fee, usually a share of the proceeds (and usually after reimbursement of costs). TPLF is thus to be distinguished from legal expenses insurance (LEI) where an insurer is paid a premium for either before the event (BTE), or after the event (ATE) insurance of legal expenses. TPLF is also to be distinguished from situations where lawyers for a claimant may accept a conditional fee agreement (CFA)4 or a contingency fee.

AB - Third party litigation funding (TPLF) arises when someone not otherwise involved with a particular litigation2, pays the cost of the litigation for one party, and may also accept the risk of paying the other party's costs if the case fails. 3 In return, if the case succeeds, the third party litigation funder is usually paid a success fee, usually a share of the proceeds (and usually after reimbursement of costs). TPLF is thus to be distinguished from legal expenses insurance (LEI) where an insurer is paid a premium for either before the event (BTE), or after the event (ATE) insurance of legal expenses. TPLF is also to be distinguished from situations where lawyers for a claimant may accept a conditional fee agreement (CFA)4 or a contingency fee.

M3 - Conference Paper

SP - 58pp

BT - Proceedings of Third Party Funding in Australia and Europe

A2 - null, George Barker

PB - Online only

CY - N/A

T2 - Third-Party Financing of Litigation: Civil Justice Friend or Foe

Y2 - 1 January 2011

ER -

Third Party Funding in Australia and Europe

Abstract

Conference

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Cite this