Middle East Update - January 2024

Litigation Funding in the UAE

Litigation funding (also known as litigation finance) enables parties to obtain funding to conduct or defend litigation from third parties who are otherwise uninvolved in the litigation. The litigation funder would typically agree to do so in return for a fee payable from the proceeds recovered by the funded litigant or for a multiple of the amount of funding provided – which may only be payable in circumstances where the litigant is considered to be successful in the litigation (either by way of a decision or settlement). In some jurisdictions, the litigation funder is also entitled to charge an uplift or is entitled to a percentage of the sums recovered by the litigant.