Hot Legal Topics — Tuesday

Period: last 4 days (Fri-Mon)

New Legislation / EU Directives

The evaluated source contained no reports on new legislation or EU directives with relevance for potential litigation waves in the last four days.

Federal Court of Justice / Landmark Judgments

During the observation period, no Federal Court of Justice or other landmark judgments with mass impact were published in the source.

Trends in Litigation Funding & Legal-Tech

In the area of litigation funding, important developments are emerging particularly in regulation and major settlements in the Anglo-American sphere:

• Stricter certification for funded class actions in UK: The British Competition Appeal Tribunal (CAT) is tightening requirements for certification of third-party funded class actions [1]. This significantly raises the barriers and risk for litigation funders in this rapidly growing legal market [1].
• High returns from major settlements: A current case in Britain shows how strongly litigation funders participate in successful major proceedings [2]. From the £105.5 million settlement by auditing firm EY in the liability case surrounding the collapsed "NMC Health," £70 million flows directly back to the participating litigation funders [2].
• Dispute over high investor participation: The sometimes very high percentage participation of funders is increasingly coming under fire [1]. In the "Please Call Me" proceedings against telecommunications provider Vodacom in South Africa, the plaintiff is currently attempting to have an old financing agreement from 2011 declared void in court [1]. This agreement secures a British investor 40% of the payout amount [1].

Would you like me to additionally evaluate the "Litigation Reporting" source for the same period to give you an overview of newly filed mass proceedings (e.g., class actions in the USA or Australia)?