Arab Today, arab today the sundry questions over litigation funding
Last Updated : GMT 00:14:41
Arab Today, arab today
Arab Today, arab today

The Sundry questions over Litigation Funding

Arab Today, arab today

Arab Today, arab today the sundry questions over litigation funding

Sundeep Oberoji

Did you know that an old saying that ‘actions speak louder than words’ also holds true for initiating a civil proceedings? In the legal world when all informal attempts at resolution of a dispute fail, formal action starts by issuing and serving a claim form. However, the financial souci over cost of such an endeavor often holds back even the most genuine claimant from venturing into it. Litigation is now synonymous with lucrative business and commercial players are eagerly funding litigation actions in return for a share of the winnings! This article will bring a big relief to those readers who are not eligible for public funding more commonly known as “Community Legal Service” granted by the Legal Services Commission. When bringing a civil claim some of the possible funding options are: Traditional Approach: The client agrees to pay their solicitors costs at an agreed hourly rate. Benefit of legal expenses insurance: often as a part of home insurance policies, the costs will be met by the legal expense insurer. It would be a good idea to check your insurance policies to see if you do have legal expenses covered. ATE : After the Event Insurance can be taken out to cover your opponent’s costs in the event you lose your case because the usual court rule in civil proceedings is that the unsuccessful party will be ordered to pay costs liability of the successful party; CFA : Conditional fee agreements under which a solicitor may agree that the client will be liable to pay his legal costs if the claim is successful and in return for this if the client wins the solicitor will be entitled to charge his usual rate plus a success fee calculated as a percentage uplift on his usual costs (but the uplift cannot be more than 100% of his usual costs). It is not uncommon to find clients take out ATE with CFA funded claims. In the event the client wins and is awarded costs he is usually entitled to claim both the uplift costs and the insurance premium paid on taking out ATE. A question that the readers are by now surely asking themselves is then how are commercial players getting a piece of the action? The answer is from third party funding. This is an arrangement where a third party (either an individual or a company) will assess the merits of your case and agrees to fund a court case on your behalf in return for a slice of the winnings. If the case fails, the third party funder loses the money put into the case. It is very much a game of chance and third party funders tend to prefer commercial disputes as they are most rewarding. By Sundeep Oberoji of SNV Solicitors  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today the sundry questions over litigation funding Arab Today, arab today the sundry questions over litigation funding

 



Arab Today, arab today
Arab Today, arab today US, Britain ban laptops on flights

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Hezbollah commander killed by own men

GMT 07:43 2017 Wednesday ,22 March

Hezbollah commander killed by own men
Arab Today, arab today Tunisian media host praises her new experience

GMT 12:35 2017 Wednesday ,15 March

Tunisian media host praises her new experience

GMT 12:12 2017 Thursday ,16 February

Oil decline is redefining role of sovereign wealth funds

GMT 18:32 2017 Monday ,30 January

Ten days of Trump spell economic jitters for Gulf

GMT 20:50 2017 Tuesday ,24 January

Doing Davos 2017

GMT 19:49 2017 Friday ,20 January

The economic policy Trump should pursue

GMT 19:45 2017 Friday ,20 January

Brexit into Trumpland

GMT 20:29 2017 Monday ,16 January

Davos has potential to be more than just hot air
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemeni official warns education is under threat

GMT 12:03 2017 Tuesday ,14 March

Yemeni official warns education is under threat
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Palestinian police wage war

GMT 07:53 2017 Friday ,17 March

Palestinian police wage war
Arab Today, arab today Dalia Mustafa believes in the presence of ghosts

GMT 07:39 2017 Monday ,20 March

Dalia Mustafa believes in the presence of ghosts
Arab Today, arab today Mexico threatens to ditch US corn imports

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection

GMT 16:41 2017 Monday ,20 March

Preserving the memory of glaciers

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 14:17 2017 Monday ,20 March

Cholesterol-slashing drug not impair brain

GMT 17:08 2017 Saturday ,18 March

Reveals secrets of tourism flights to space

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 15:42 2017 Saturday ,18 March

HTC U Play now available in KSA

GMT 22:39 2017 Thursday ,09 March

Zuhair Murad presents his new collection "Resorts"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday