Introduction
The Abu Dhabi Global Markets (the ADGM) are comprised of three
independent authorities namely, the Registration Authority, the
Financial Services Authority and the ADGM Courts. These authorities
are tasked with ensuring that there is a business-friendly
environment that operates according to international best practices
utilised in major financial centres across the world.
Following an extensive review of the litigation funding
frameworks in other jurisdictions and a consultation process in
November 2018, the Abu Dhabi Global Market Courts have released
Litigation Funding Rules (the Litigation Funding Rules). According
to section 225(2) of the Abu Dhabi Global Markets Courts Civil
Evidence, Judgements, Enforcements and Judicial Appointments, a
litigation funding agreement is an agreement whereby a person or
funder agrees to fund advocacy or litigation services to a litigant
(the Agreement or Litigation Funding Agreement). The funder can
decide to
