Forewords |
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vii | |
General editor |
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xi | |
Contributors |
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xiii | |
Table of UK statutes |
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xxix | |
Table of UK statutory instruments |
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xxxi | |
Table of Australian legislation |
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xxxiii | |
Table of US legislation |
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xxxv | |
Table of other international legislation |
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xxxvii | |
Table of UK cases |
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xxxix | |
Table of Australian cases |
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xlv | |
Table of US cases |
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xlvii | |
Table of other international cases |
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li | |
Chapter 1 Introduction |
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1 | (8) |
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Litigation finance, often known as litigation funding |
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1 | (1) |
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2 | (1) |
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3 | (3) |
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6 | (1) |
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7 | (2) |
Chapter 2 A brief history of third-party litigation funding in the UK, US and elsewhere in the common law |
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9 | (12) |
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9 | (1) |
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10 | (2) |
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The modern history of TPLF in the UK and Ireland |
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12 | (3) |
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The modern history of TPLF in the United States |
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15 | (4) |
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19 | (2) |
Chapter 3 Regulation and legislation |
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21 | (44) |
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23 | (18) |
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23 | (1) |
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24 | (1) |
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24 | (1) |
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25 | (11) |
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Final thoughts on the position in England |
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36 | (5) |
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41 | (12) |
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The US position - regulation |
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41 | (6) |
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The US position - legislation |
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47 | (6) |
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C Australia, Hong Kong, Singapore and global |
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53 | (12) |
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53 | (6) |
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59 | (3) |
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62 | (2) |
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64 | (1) |
Chapter 4 Third-party litigation financing and lawyers' ethical obligations |
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65 | (16) |
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65 | (1) |
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65 | (2) |
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67 | (4) |
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71 | (10) |
Chapter 5 Privilege and confidentiality |
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81 | (62) |
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81 | (4) |
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85 | (11) |
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Application to third-party litigation funding under English law |
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96 | (26) |
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122 | (4) |
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Application to third-party litigation funding under the laws of the United States |
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126 | (10) |
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International arbitration |
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136 | (7) |
Chapter 6 The litigation funding agreement |
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143 | (18) |
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143 | (2) |
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Key stakeholders in the litigation funding agreement |
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145 | (2) |
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Key characteristics of the litigation funding agreement |
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147 | (3) |
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Key clauses in the litigation funding agreement |
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150 | (8) |
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158 | (1) |
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158 | (1) |
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159 | (1) |
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160 | (1) |
Chapter 7 Adverse costs and security for costs |
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161 | (44) |
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161 | (2) |
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Adverse costs in England and Wales |
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163 | (1) |
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English case law from the 1980s and 1990s |
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164 | (2) |
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The 'purity test' developed by the English courts in Dymocks and Hamilton v Al Fayed |
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166 | (2) |
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The Australian case of Gore v Justice Corp foreshadows Arkin |
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168 | (2) |
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170 | (4) |
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174 | (3) |
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177 | (5) |
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Litigation funder's liability for adverse costs in the Australian securities class action regime |
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182 | (2) |
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Security for costs in England and Wales |
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184 | (4) |
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ATE as security for costs |
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188 | (2) |
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Adverse costs in international arbitration: institutional rules |
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190 | (1) |
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Investor v State arbitration |
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191 | (9) |
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200 | (3) |
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203 | (2) |
Chapter 8 Other methods of financing litigation |
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205 | (44) |
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207 | (10) |
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207 | (5) |
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212 | (1) |
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Contingent litigation funds |
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212 | (5) |
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B Pro bono, philanthropic, charitable and 'revenge' funding |
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217 | (10) |
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217 | (3) |
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Philanthropic and charitable funding |
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220 | (3) |
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223 | (4) |
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227 | (10) |
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228 | (3) |
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231 | (3) |
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234 | (3) |
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D Contingency and conditional fee agreements |
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237 | (12) |
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237 | (1) |
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Conditional fee agreements in England and Wales |
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238 | (2) |
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Damages-based agreements in England and Wales |
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240 | (5) |
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Conditional and contingent fee arrangements in other jurisdictions |
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245 | (3) |
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Conditional and contingent fee agreements and the funding market |
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248 | (1) |
Chapter 9 Types of litigation and arbitration that attract and are attractive to litigation finance |
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249 | (70) |
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251 | (16) |
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What is patent infringement litigation? |
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251 | (1) |
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Patent litigation is highly amenable to funding |
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252 | (3) |
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Key funding-related issues in US patent cases |
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255 | (10) |
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Patent litigation strategies especially amenable to litigation funding |
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265 | (2) |
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267 | (10) |
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Evolution of funding insolvency matters |
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267 | (2) |
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Key considerations for insolvency practitioners |
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269 | (1) |
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Availability of legal expenses insurance |
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269 | (1) |
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Creditor financial support |
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270 | (1) |
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Other forms of external finance |
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270 | (1) |
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270 | (2) |
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Other considerations: contingent fees and ATE insurance |
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272 | (5) |
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277 | (10) |
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279 | (2) |
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281 | (1) |
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282 | (1) |
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283 | (4) |
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287 | (32) |
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288 | (26) |
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314 | (3) |
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Conclusion and the future |
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317 | (2) |
Chapter 10 The users of litigation finance - who, where, when and why? |
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319 | (20) |
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319 | (2) |
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321 | (1) |
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Where do funders seek opportunities? |
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322 | (10) |
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When does funding become a prospect for litigants? |
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332 | (3) |
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Why would clients seek litigation funding? |
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335 | (1) |
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336 | (3) |
Chapter 11 The investors in litigation finance |
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339 | (26) |
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Litigation finance as an asset class |
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339 | (3) |
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342 | (6) |
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Types of investors in litigation finance |
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348 | (17) |
Chapter 12 High risk, high return |
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365 | (32) |
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365 | (2) |
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367 | (17) |
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384 | (2) |
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Risk assessment and risk management |
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386 | (4) |
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390 | (4) |
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394 | (2) |
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396 | (1) |
Chapter 13 Tax |
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397 | (28) |
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The devil is in the detail |
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398 | (1) |
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398 | (10) |
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408 | (17) |
Index |
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425 | |