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Have your lawsuit financed by a third party, a method that appeals to companies


DECRYPTION - This system makes justice accessible to small businesses and individuals in places where it is particularly expensive.

What do the Tapie-Crédit Lyonnais affair have in common, the one that pitted the energy giant Vattenfall against Germany or even the judicial saga Yukos?

These disputes all went to a court of arbitration, dispute resolution bodies commonly used in commercial disputes, but very expensive.

As a result, many cannot access it.

It is to remedy these situations that the funding of trials has developed.

This system consists of having part or all of the costs of a legal action borne by a third party.

In return, the latter is reimbursed by deducting a percentage of the indemnities paid to the part financed.

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Following an abusive breach of contract, a company suffered a loss of 10 million, but the costs to be incurred to go to justice amounted to 1.2 million euros.

Unable to pay on her own, she turned to a lawsuit finance company to fight on an equal footing

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Source: lefigaro

All life articles on 2021-09-23

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