UK Litigation funder to provide no win no fee funding in property settlement case
Sunday, October 11, 2009
The UK Mail Online is reporting that an English commercial litigation funder, in a first, is to provide no win no fee funding, similar to personal injuries matters, to a wife of a tycoon who alleges that he has lost his GBP400 million fortune.
I am not aware of any litigation funder in Australia who is prepared to do this. Some provide funding, but with interest to be paid on the borrowed funds. Some family law solicitors are willing to defer their fees until property settlement is achieved, but no one that I am aware of in family law in Australia is prepared to say that they will wait on a no win no fee basis.
