Archive for March 2024
The Rise of Third-Party Funding: A Worldwide Look
In recent times, significant developments in Nigeria, India, and China underscore the growing prominence of third-party funding (aka litigation funding). These developments mark a significant shift in how litigation funding is gaining worldwide prominence and becoming a dynamic asset class, worth exploring. Claimants worldwide are increasingly turning to third-party funding (TPF) to finance their legal…
Read MoreLitigation Funding Provides Access to Justice
Litigation funding, also known as third-party funding, provides claimants with a way to pursue validlegal claims without bearing the financial burdens and risks associated with litigation- in other wordsit gives people greater access to justice. Originally, litigation funding was a costly option mainly feasible for large-scale cases. However, themarket for it has evolved, becoming more…
Read MoreLitigation Funding Shines in the Sub-Postmasters Scandal
In the battle for justice against the state-owned Post Office, the role of litigation funding emerged as a beacon of hope for the wrongly accused sub-postmasters. The Post Office scandal, marked by years of legal turmoil and systemic injustice, reveals litigation funding as a vital force for access to justice. Unmasking Injustice Under the leadership…
Read MoreZurich Insurance- The Housing Scandal
3Pay provided the litigation funding for claimants’ to successfully litigate against Zurich Insurance, with a claim for £25M. The claim was settled in 2022, within less than 18 months, and garnered press attention featuting in the UK’s Sunday Times. The details of the case are below: Zurich Insurance, one of the world’s largest insurers, settled…
Read More