Litigation Funding Comparative Guide

1 Commercial legal finance basics

1.1 How is commercial legal finance defined in your jurisdiction?

Liechtenstein law contains no explicit provisions on commercial legal financing. Within the scope of contractual freedom, a legal finance contract can be concluded either:

• without assumption of claims; or
• by assumption of the claims and subsequent assertion in the investor's own name and account.

In addition to legal funding, many people and legal entities have legal expenses insurance.

1.2 How does commercial legal finance differ from consumer litigation finance and contingency agreements?

The principles of financing are similar in the private and commercial sectors. In the private sector, the statutory regulations on consumer protection must be observed. Furthermore, contingency agreements, insofar as they concern contracts with lawyers, are inadmissible in Liechtenstein.