Update: Third-Party Litigation Funding: Movements in the German Marketplace

In last week’s post on third-party litigation funding, I had been speculating about ERGO’s plans for its recently re-branded litigation funding business, Legial. Perhaps I was not the only one:

Today’s Handelsblatt – unfortunately only in the print version, page 36, not available online to non-subscribers – reports that ERGO has no plans to exit the business, as Allianz have done. Quite to the contrary: The paper quotes Legial’s Thomas Kohlmeier as saying that ERGO plans to triple the volume of litigation funding business over the next three years.

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Third-Party Litigation Funding: Movements in the German Marketplace

In the United Kingdom, third-party litigation funding is currently getting some attention in the legal press:  The industry has agreed on a Code of Conduct, which was published by the Civil Justice Council in late November 2011. US litigation funders appear to have an eye on the European market – using the word European in the European sense, i.e. including the UK. What does the German market for litigation funding look like? Continue reading

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