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The recently published report by the Civil Justice Council has significant implications for the UK litigation funding industry. It emphasizes a call for the UK government to overturn the Supreme Court’s decision in the PACCAR case. For the past two years, the funding sector has faced instability following the 2023 ruling that rendered numerous funding agreements unenforceable. This report could potentially reshape the landscape for third-party funded litigation in the UK.
The litigation funding industry had been eagerly awaiting this report, as the UK government indicated it would reconsider the PACCAR judgment only after the report’s release.
For further details, read the full article here.
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