A handful of major companies are trying to defend high-stakes litigation with third-party funding, in a move that could potentially revolutionize commercial litigation in the U.K. Specialist funding broker Calunius Capital is already placing one large U.K. corporate defendant with a funder to offset a proportion of the company's risk. A number of hedge funds are now willing to provide funding to defendants -- accepting a fee from a company in return for taking on a percentage of the risk.
U.K. Corporations Break Ground With Third-Party Funding to Defend Major Claims
April 17, 2008