Prime Dispute understands the diverse needs of industry sectors to secure third party funding to support them. It is clear that continuing discussion is necessary in order to determine the best way to accommodate the issues raised by third party funding, within the dispute avoidance and resolution framework. We will work with third party funders to strengthen the understanding of third party funding which supports dispute avoidance and resolution mechanisms.
Third Party Funding - Our Clear Objectives
Although third-party funding has considerable benefits such as improving access to justice, it also carries certain risks and challenges, for example, those relating to conflicts of interest, disclosure and security for costs. Prime Dispute will address the issues whilst working with all industry sectors to bridge the cap between third party funding and dispute avoidance and resolution mechanisms.
Prime Dispute will:
Although third-party funding has considerable benefits such as improving access to justice, it also carries certain risks and challenges, for example, those relating to conflicts of interest, disclosure and security for costs. Prime Dispute will address the issues whilst working with all industry sectors to bridge the cap between third party funding and dispute avoidance and resolution mechanisms.
Prime Dispute will:
- Develop policies and procedure to support parties in dispute who may use third party funding;
- Use market intelligence, our contacts and our international reputation to Increase the awareness of third party funding globally;
- Work with the third party funders to develop coherent thinking in supporting dispute avoidance and resolution mechanisms;
- Ensure we train, develop and educate our members in third party funding;
Third-Party Funding In International Arbitration
Third-Party Funding in Arbitration - India's Readiness in a Global Context
Why third party funding is on the rise in England & Wales
Third Party Funders
Third Party Funding is an arrangement between a specialist funding company and a client (typically the claimant in the dispute), whereby the funder will agree to finance some or all of the client's legal fees in exchange for a share of the 'case proceeds' (usually the recovered damages). For details of third party funders, please email us.
Third Party Funding is an arrangement between a specialist funding company and a client (typically the claimant in the dispute), whereby the funder will agree to finance some or all of the client's legal fees in exchange for a share of the 'case proceeds' (usually the recovered damages). For details of third party funders, please email us.
