By Nick Rowles-Davies Following the 2024 election, Republicans gained control of both chambers of Congress and the presidency. Rather than pursue piecemeal legislation, they advanced a comprehensive reconciliation package—H.R. 1—known as the One Big Beautiful Bill Act (OBBBA). President Trump signed the bill into law on July 4, 2025, permanently extending many provisions of the Tax Cuts and Jobs Act (TCJA) while introducing significant new tax and spending measures ...

By Stuart Hills Recently, we have seen several stories of legal finance funds expressing an interest in buying stakes in law firms. Buying into a Managed Services Organisation, the back office functions of a law firm, is one thing. But do we really think it is a good idea for legal finance funds to own stakes, minority or majority, in the law firm itself? In the UK, the Legal Services ...

By Dr Can Eken The PACCAR decision has had a profound impact on the third-party funding market. The Supreme Court held that many third-party funding agreements could, in practice, be rendered unenforceable. Moreover, the judgment did not operate prospectively. It contained no “from now on” limitation, meaning that its effect could extend retrospectively to funding agreements concluded both before and after the PACCAR ruling. This post examines the key aspects ...

By Patrick Rode Germany's Capital Markets Model Case Act (Kapitalanleger-Musterverfahrensgesetz or “KapMuG") has undergone its most significant transformation since inception. Following reforms that took effect in July 2024, the mechanism for bundling securities claims has been fundamentally reshaped – with major implications for litigation funders operating in Europe's largest economy. From Experimental Legislation to Permanent Fixture Originally introduced in 2005 as a five-year experiment to handle mass litigation against Deutsche ...

By Nick Rowles-Davies Third-party litigation funding (TPF) has become increasingly prevalent in international arbitration. As arbitration remains the preferred mechanism for resolving high-value commercial disputes, particularly those with cross-border elements, funding enables claimants lacking financial resources, or those seeking to mitigate risk exposure, to pursue meritorious claims. However, as third-party funders have become integral participants in the arbitration landscape, a critical question has emerged: can the costs of third-party funding ...

By Ben Knowles For those of us with more than a passing interest in litigation funding, we will all have noticed that barely an hour goes by without a new article adding to the pool of knowledge. Some of that material is highly technical; some is more news based; but in the last few months, particularly in the UK, we have seen more that is in the nature of ‘lobbying’ ...

By Nick Rowles-Davies This article grew out of a lively panel at Dubai Arbitration Week 2025, where I discussed how the surge of private credit is reshaping the litigation funding market. It distils the themes that surfaced in that conversation such as the promise of speed and scale, the discipline (and demands) of lender covenants, the changing role of insurance, and the evolving place of the traditional limited partner/general partner ...