The British government has proposed changes to the Digital Markets, Competition and Consumers Bill that would permit the usage of litigation funding agreements in competition cases. This amendment plan is the latest move following the Supreme Court’s ruling in July, that deemed damages-based agreements by litigation funders in competition cases unenforceable.
This high court judgement came during the proceedings of a £2 billion collective action on price fixing. If the government’s proposed alterations are accepted, it could potentially alter the course for future competition law cases in the UK.
Legal professionals working within competition law will no doubt be monitoring these developments closely. Further details on these proposed changes can be found in an article by Law.com International Edition.