Third-Party Funders in the U.K. to Face Tougher Rules
By: LMA International on Feb 12, 2013
Third-party funders in the U.K. to face tougher rules - Feb 8
Category: Ownership and Investment
The Association of Litigation Funders in the U.K. is introducing tougher rules as a means to protect clients whose cases are funded by third-party litigation funders. The rules will ensure that members hold adequate amounts of capital, requiring funder members to have at least £2 million of capital.
Source: Law Gazette
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