The establishment and growth of third-party funders and third-party funding in Spain and Latin America in recent years and the consequent press coverage that they have received have created significant interest in the market from clients and practitioners alike. The fallout from the global COVID-19 pandemic is likely to accelerate and expand the use of third-party funding worldwide.
While there are those who believe that third-party funding encourages unmeritorious claims, others argue that it provides access to justice for claims with a good chance of success that would otherwise be denied a legal remedy due to a party’s financial inability to pursue legitimate legal action.
