1 / 7

What Are the Common Challenges in Commercial Litigation Funding in Australia?

Explore the common challenges of commercial litigation funding in Australia and learn about the risks. Watch this presentation to learn more about this. https://lcmfinance.com

lcmfinanceseo
Download Presentation

What Are the Common Challenges in Commercial Litigation Funding in Australia?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. What Are the Common What Are the Common Challenges in Challenges in Commercial Litigation Commercial Litigation Funding in Australia? Funding in Australia?

  2. Understanding the Costs and Risks Australian commercial litigation funding commercial litigation funding is costly and comes with a certain level of risk. One of them is the aspect of cost; where one may be faced with high costs of the lawyers’ fees. Most litigation funders demand a large percentage of the resultant settlement or judgment and this can approach 50%. This can sometimes put the claimant in a worse position than he or she expected to be in.

  3. Managing Case Control and Decision Making There is also another issue which is control and decision making in funding for commercial litigation. They have a financial stake hence there might be conflicts of interest as seen with the claimant. The funder might prefer a settlement to be made to reduce on cost aspects while this may not be the preference of the claimant. This loss of control can be disconcerting to claimants and especially so when they note that their causes have not made any headway.

  4. Navigating the Lengthy Legal Navigating the Lengthy Legal Process Process  The long duration of time required to complete a commercial litigation is another major problem.  Claims normally drag for years within the court of law and this can cause much uncertainty and economic hardships to the claimants.  Basically, during this time, there shouldn’t be any rift between the funder and the claimant.  This could take even longer in the event that there are changes on the course of the process or steering disagreements.  Also, it took a long time to complete which in turn contributes to the formulation of high costs of fees for lawyers.  It therefore becomes necessary that those involved in commercial litigation funding should be ready to engage in a long term venture.  This extended timeline hence needs proper planning and consultation among all stakeholders.

  5. About the Company  Are you looking for top rated companies in Australia for commercial litigation funding?  Contact one of the top rated litigation funding companies, Litigation Capital Management (LCM) in Australia.  We have been in this industry for several years and we have helped multiple people to get their due justice.  Connect with us to get commercial litigation funding and proper assistance to ensure your justice.

  6. Contact Us Litigation Capital Litigation Capital Management (LCM) Management (LCM) Level 12, The Level 12, The Chifley Chifley Chifley Square Sydney NSW 2000 Square Sydney NSW 2000 Chifley Tower 2 Tower 2 https://lcmfinance.com https://lcmfinance.com +61 2 8098 1390 +61 2 8098 1390 https://www.linkedin.com/company/lcm https://www.linkedin.com/company/lcm- -finance/ finance/

  7. Thank You

More Related