Legal Pay

How Litigation Funding Can Help You Pursue Justice Without Financial Risk Or The Dos and Don'ts of Working with a Third Party Litigation Funder Or Litigation Funding: A Win-Win Solution for Claimants and Litigants “Litigation finance is the new email, not knowing what it is or how it works is simply not an option.” Litigation funding , also known as third-party funding (TPF), has become a vital tool for businesses of all sizes to manage the financial risks associated with legal disputes. Contrary to popular belief, litigation finance is not just for underdog battles but serves as a valuable resource for all parties involved in high-stakes litigation. In recent years, the global litigation finance industry has grown exponentially, offering support to both underdogs and well-backed parties in need of financial assistance. It is significant to note that TPF stands acknowledged for civil suits under Order XXV Rule 1 of CPC. Further, the Indian judiciary has discussed TPF agai

In arbitration, a dispute is resolved by one or more arbitrators who then provide a binding decision based on the parties' agreement. Rather than going to court, parties choose arbitration as a private method of resolving disputes out of court. An arbitrator receives a dispute from the parties, he then examines the details, hears both sides, and finally makes a decision. Arbitration clauses may be mandatory or optional, and the arbitrator's decision is binding. Disputes relating to private rights may be resolved through arbitration. It is much faster than traditional court proceedings and can be used to resolve both monetary and property disputes. About Insolvency Insolvency is defined as the inability of a person or business (the debtor) to repay their debts when they are due. There can be two forms of insolvency. First is cash-flow insolvency and the second is balance-sheet insolvency. A person or business is considered to be cash-flow insolvent if they have the asset

INTRODUCTION Litigation finance is a relatively new concept in India, which has the potential to revolutionize access to justice for the common man. This essay will discuss what litigation finance is, the current state of access to justice in India, how litigation finance can benefit the common man, and how it can help improve access to justice. LITIGATION FINANCE Litigation finance is a form of financing that allows individuals and companies to fund legal proceedings. It involves a third-party investor providing funds to cover legal costs and other expenses associated with a case. The investor receives repayment with interest only if the case is successful. This type of financing enables individuals and companies who may not have the financial resources to pursue their legal rights in court. ACCESS TO JUSTICE IN INDIA The Indian legal system has long been plagued by delays, backlogs, and a lack of resources. This has resulted in millions of cases being stuck in court for years withou

Introduction Third-party litigation funding (TPLF) is an arrangement whereby a third party, usually a professional investor, provides finance to a claimant or litigant in return for a share of any damages or settlement awarded by the court. It has been gaining prominence in recent years as it provides an opportunity for individuals to pursue legal claims without bearing the financial burden of litigation costs.  In India, TPLF is still at a nascent stage. There are very few players offering this service, and most of them are start-ups. The industry is highly unregulated, as there are no specific regulations governing this sector. This article will discuss the current scenario of third-party litigation funding in India and its potential future. Developments in the Recent Time There has been a growing trend towards third-party litigation funding in India over the last few years. This has been driven by various factors, such as increasing awareness among litigants about their rig

Embedded Lending in India Embedded lending is a form of financial product that combines traditional banking services with other products and services. It is a type of loan product that is offered to customers by banks or other financial institutions. Embedded lending provides customers with an opportunity to access funds for their businesses without having to go through the traditional banking process. This type of loan product has become increasingly popular in India, as it offers customers an alternative to traditional banking services. Benefits of Embedded Lending Embedded lending offers several advantages to customers, including: 1.    Lower interest rates: Embedded lending can provide customers with lower interest rates than traditional loans. This can help reduce the cost of borrowing and make it easier for businesses to access funds. 2.    Flexibility: Embedded lending allows customers to tailor their loan terms and conditions according to their specific needs and r

Introduction of Alternative Dispute Resolution (ADR) in dispute redressal mechanism is a revolutionary step in itself. The primary objective of alternative dispute resolution (ADR) is to resolve disputes between parties in a friendly manner with minimal involvement of the judiciary. ADR is more cost-effective, faster, and more accessible than traditional dispute resolution methods, such as litigation. Recently, technology has penetrated in the ADR space, and has led to the birth of Online Dispute Resolution Platforms. ODR is a method of resolving disputes using technology, specifically the internet and other digital communication tools. It is used to settle disputes that arise in a variety of contexts, including e-commerce transactions, online services, and other forms of online interactions. The benefit is that technology plays a significant role in facilitating faster communication and helping prevent and manage disputes. ODR typically involves a third-party neutral platform that fa