Background to the Appeal R v Competition Appeal Tribunal and others [2023] UKSC 28 considers the statutory interpretation of a damages-based agreement and whether litigation funding agreements are.
In a heavy blow to the litigation funding industry, the UK Supreme Court has held that many litigation funding agreements are damages-based agreements and must comply with the relevant.
The Supreme Court has ruled that an agreement by a third party to fund litigation in exchange for a percentage of damages recovered in the event of success constitutes a “damages-based agreement” for the purposes of statute. The issue arose in the context of applications to bring collect
On 26 July 2023, the UK Supreme Court handed down a judgment that will cause serious disruption (at least in the short term) to the litigation funding market. In R (on the application.
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