Litigation Financing, also popularly known as ‘third-party litigation or ‘litigation funding’
Litigation Financing, also popularly known as ‘third-party litigation or ‘litigation funding’ is a non-recourse funding alternative wherein a party with no direct interest in an ongoing or potential litigation/arbitration funds the litigation/arbitration cost completely or partially and gets a portion out of the final claim in return. Litigation Funding helps in lowering the litigation/arbitration burden on the claimant as the cost of litigation/arbitration falls heavy on the pockets of claimants which is the biggest factor people worry about when it comes to lawsuits. Litigation Financing is not only a boon for an individual claimant, it is also a great tool for start-ups and other businesses. Start-ups on any given day face a number of challenges in the attempt to make a name and sustain themselves in the market. These hurdles often get take the form of disputes and get routed towards the doors of the courts and tribunals. In India particularly, litigation is a lengthy and expens