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Supreme Court of Canada Supreme Court of Canada, Ottawa, Canada. Photo: Shutterstock.com

A recent decision by the Supreme Court of Canada involving third-party litigation funding may cause a spike in some types of lawsuits, especially coming on top of the economic downturn caused by the COVID-19 pandemic.

Canada’s top court has given the green light to litigation funding agreements used in specific circumstances. On May 8, the Supreme Court of Canada issued a decision in which it ruled that litigation finance could be used in an insolvency proceeding. The case, 9354-9186 Québec v. Callidus Capital, opens the door to professional investment in insolvency matters, which are expected to rise in the wake of COVID-19 related financial fallouts.

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Marlisse Silver Sweeney

Marlisse Silver Sweeney is the Canada-based correspondent for Law.com International. She writes about lawyers and legal issues across Canada. Her coverage includes the business of law, global and domestic law firms, in-house legal departments and regulatory issues. She can be reached at [email protected]

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