Private Funding Of Legal Services Act 2020 – Expansion Of Litigation Funding In The Cayman Islands - Litigation, Mediation & Arbitration

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The Private Funding of Legal Services Act, 2020 (the
"Act"), which was gazetted on 7 January 2021 but is not
yet in force, seeks to bring the Cayman Islands position on
litigation funding in line with the well-established regimes in
other common law jurisdictions. The Act will open up the world of
litigation funding to litigants in the Cayman Islands by abolishing
criminal and civil liability for maintenance and champerty and
making statutory provision for entering into litigation funding
agreements without the sanction of the Court.
Litigation funding can be loosely divided into three

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