The U.K. Civil Justice Council (CJC) has called for a "light-touch regulation" of third-party litigation funding and urged the government to urgently review and introduce legislation to reverse a recent U.K. Supreme Court ruling that disrupted the litigation financing landscape. The advisory body recommended that commonly used third-party funding agreements be made enforceable again. This report has been welcomed by both litigation funders and industry critics. Additionally, the Injuries Resolution Board has proposed reconsidering whether it can sanction the payment of legal fees, indicating ongoing discussions about the regulation and funding of legal claims in the U.K.
The government should introduce legislation to reverse a controversial U.K. Supreme Court decision that upended litigation financing, and make clear that commonly used funding agreements are enforceable, a government advisory body recommended Monday. https://t.co/qVSCS0QjKN
CJC calls for “urgent” government review of SSB-style funding https://t.co/EmTY06kejR
Injuries Resolution Board proposes rethink on whether it can sanction the paying of legal fees https://t.co/tt4tUT2iY8