Flags of United States of America and European Union. Credit: alexx_60/Adobe StockEuropean, US Litigation Funding Experts Look for Commonalities at NYU Event
"We do not think or do not deem it necessary that the agreement itself should be disclosed," said Susanne Augenhofer, a professor at the Austrian-based University of Innsbruck and visiting professor at Yale Law School. "Yes to disclosure, but only to the identity of the funder and the fact that a third-party funder is involved."
November 22, 2024 at 02:58 PM
5 minute read
What You Need to Know
- A roundtable discussion took place at NYU Law School on Thursday addressing a recent report by the European Law Institute on third-party litigation funding.
- The European report outlines various principles that the institute urges lawmakers and regulators in European jurisdictions to consider when addressing third-party litigation financing.
Europe’s litigation funding landscape has yet to be roiled by the disclosure dispute that’s divided funders and opponents in the U.S., according to participants at a New York University School of Law forum Thursday, although one European expert found common ground with the U.S. Chamber of Commerce in pushing for greater transparency.
The discussion hosted by NYU’s Center on Civil Justice focused on the European Law Institute's Principles of Governing the Third Party Funding of Litigation, a September report that aims to serve as a blueprint for guidance on regulating the fast-growing industry.
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