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ARTICLE · 19 JULY 2023

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Consultation On Third-Party Litigation Funding Published By Law Reform Commission

Matheson
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The Law Reform Commission (the "LRC") has today (Monday, 17 July 2023) published a consultation paper on third-party litigation funding (the "Consultation Paper"). The lengthy Consultation...

IrelandLitigation, Mediation & Arbitration
Julie Murphy-O'Connor
Julie Murphy-O'Connor
Michael Byrne
Michael Byrne
Róisín Peart
Róisín Peart
Tina Turner
Tina Turner
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The Law Reform Commission (the "LRC") has today (Monday, 17 July 2023) published a consultation paper on third-party litigation funding (the "Consultation Paper"). The lengthy Consultation Paper is the result of research and analysis undertaken by the LRC, including consideration of the approaches to funding taken in other jurisdictions, such as New Zealand, England and Wales, and Hong Kong.

The Consultation Paper provides a summary of the current position on third-party funding in Ireland (which is, subject to certain exceptions, currently prohibited) and, in seeking views on the subject, considers various ways in which third-party funding could be legalised and regulated in the State. The Consultation Paper also addresses the issue of assignment of actions.

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