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ARTICLE · 17 FEBRUARY 2025

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What's Another Year 2025 - Litigation, Dispute Resolution And Investigations

Arthur Cox
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A commencement order is awaited in respect of section 124 of the Courts and Civil Law (Miscellaneous Provisions) Act 2023 (Act) which was signed into law on 5 July 2023.

IrelandLitigation, Mediation & Arbitration
Arthur Cox
Arthur Cox
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Third-Party Funding

A commencement order is awaited in respect of section 124 of the Courts and Civil Law (Miscellaneous Provisions) Act 2023 (Act) which was signed into law on 5 July 2023. Once commenced, s.124 of the Act will permit third-party funding of commercial arbitrations which fall within the scope of section 5A of the Arbitration Act 2010 (as amended).

At a more general policy level, the Law Reform Commission (LRC) review of third-party litigation funding remains ongoing. The LRC published a Consultation Paper on Third-Party Litigation Funding in July 2023. The LRC recommendations resulting from the consultation, expected in 2025, will inform whether there will be any relaxation of third-party funding and if so, address the issue of the regulation of third-party funding.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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