Some have downplayed the implications of the UK court's ruling, while others say the fallout could be 'massive' and will hurt consumers and help corporates.
August 01, 2023 at 05:52 AM
5 minute read
Reporter
The U.K. Supreme Court’s verdict last week that a litigation financing agreement (LFA) in the longrunning trucks litigation was, in actual fact, a damages based agreement (DBA), has shocked the industry.
It may sound like a technical clarification. But the ramifications of the judgement on the business models of litigation funders, and the viability of class actions, are enormous.
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