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District of New Jersey Proposes New Local Civil Rule Requiring Disclosure of Third-Party Litigation Funding | Faegre Drinker Biddle & Reath LLP

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The United States District Court for the District of New Jersey has announced proposed amendments to its Local Civil Rules, including a new rule – Civ. Rule 7.1.1 – regarding “Disclosure of Third-Party Litigation Funding.”
As we previously observed on this blog earlier this year, the exact dollar amount that third-party investors infuse into U.S. lawsuits each year is unknown, but conservative estimates begin at approximately $2.3 billion. Currently, the District of New Jersey’s Local Civil Rules are silent as to litigation funding, but the District is focused on the importance of understanding the parameters of outside litigation funding and a mechanism for requiring disclosure. ....

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ABA Best Practice Considerations for Litigation Funding

Tuesday, February 16, 2021
The exact dollar amount that third-party investors infuse in U.S. lawsuits every year is unknown, but conservative estimates begin around $2.3 billion, with agreement that the industry has room to grow. With the ongoing pandemic stretching litigation timelines and straining budgets, the litigation funding industry remains highly active. Despite the importance of litigation funding to all parties involved (lawyers, plaintiffs, and defendants), regulation varies by state, and litigation funders are largely left to self-regulate.
In the absence of clear direction on this significant issue, the ABA, in August 2020, provided much- needed guidance by adopting Best Practices for Third-Party Litigation Funding. ....

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Cayman Islands Litigation Guide 2021 (Chambers) - Litigation, Mediation & Arbitration

striking out of pleadings; and
judgments in default of
acknowledgment of service or defence.
Early Judgment Applications
Can a party apply for (i) early judgment on some or all of the
issues in dispute, or (ii) the other party s case to be struck
out before trial or substantive hearing of the claim? What is the
timing, applicable procedure and legal standard for such
applications/motions?
Summary judgment
Both the plaintiff and the defendant can apply for summary
judgment on the other party s case under the provisions of
Order 14 of the Grand Court Rules. For the plaintiff this can be a ....

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Guernsey Litigation Guide 2021 (Chambers) - Litigation, Mediation & Arbitration

To print this article, all you need is to be registered or login on Mondaq.com.
This guide to Guernsey dispute resolution and litigation
includes commentary on litigation funding, initiating a lawsuit,
statutes of limitations, representative or collective actions,
pre-trial litigation proceedings, discovery, injunctive relief,
settlement, damages, appeals, litigation costs, alternative dispute
resolution (ADR) and arbitration.
General
General Characteristics of the Legal System
Please describe the general characteristics of your
country s legal system. For example: is it based on civil law
or common law? Does it follow an adversarial or inquisitorial
model? Is the legal process conducted through both written ....

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Bermuda Litigation Guide 2021 (Chambers) - Litigation, Mediation & Arbitration

To print this article, all you need is to be registered or login on Mondaq.com.
This guide to Bermuda dispute resolution and litigation includes
commentary on litigation funding, initiating a lawsuit, statutes of
limitations, representative or collective actions, pre-trial
litigation proceedings, discovery, injunctive relief, settlement,
damages, appeals, litigation costs, alternative dispute resolution
(ADR) and arbitration.
General
General Characteristics of the Legal System
Please describe the general characteristics of your
country s legal system. For example: is it based on civil law
or common law? Does it follow an adversarial or inquisitorial
model? Is the legal process conducted through both written ....

New York , United States , United Kingdom , City Of , Magistrate Court , Court Records , Legal Representation In Court , Bermuda International , Bermuda Branch , Court Registry , Party Litigation Funding , Party Funding For Plaintiff , York Convention , Registrar Of The Supreme Court , Order In Council Of The United Kingdom , Court Filings , Bar Council , Judicial Committee , Court Approval , Institute Of Arbitrators , Council The Privy , Court As Bermuda Superior , Supreme Court , Bermuda Court , Party Funding , Powers Of The Appellate Court ,