Saturday, February 11, 2012

Litigation Financing and Conflicts of Interest: A New Report on the Experience from Land Down Under

Since Australia’s high court in 2006 gave litigation funding its stamp of approval, the industry has grown significantly.
In a new report sponsored by the U.S. Chamber Institute for Legal Reform, an Australian law professor takes a look at how the practice — where businesses invest in high-stakes legal disputes, sharing the risks and potential rewards — creates conflicts of interest.
The conflict argument has been made in the U.S., which is still feeling its way in the field, but Australia’s track record is longer. And the report concludes that the country’s experience should be a lesson to the legal community here.


Isabel said...

Must take it to consideration that a financial planner must always be present in issues like this, most especially when you, a very wealthy person, is planning on investing big in a business.

Financial advisor perth

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