Third-Party Litigation Funding (TPLF) & its impact
TPLF allows external investors to finance legal cases in exchange for a share of any winnings.
It helps individuals and groups unable to afford litigation pursue justice, breaking financial barriers.
The Supreme Court has recognized TPLF as a potential equalizer in legal battles, allowing it under specific conditions.
TPLF could empower various groups, enabling advocacy against corporations and facilitating public interest litigation.
There are worries that funders may prioritize profitable cases, neglecting socially important claims.
A comprehensive regulatory framework is needed to ensure transparency, protect clients' rights, and limit funders' profits.
TPLF could enhance consumer protection, environmental accountability, and institutional responsibility.
With millions of cases unresolved, TPLF offers a potential solution to expedite legal processes.
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