London court hands down pivotal funding ruling

In a crucial win for litigation funders, the Court of Appeal has upheld the lawfulness of multiples-based funding agreements. One funder tells CDR that the judgment is a “significant outcome” for the industry. The London Court of Appeal on Friday (4 July) threw out the appeals of big tech companies Sony and Apple and payment giants Mastercard and Visa which argued that litigation funding agreements (LFAs) which calculate a funder’s fee as a multiple of its investment and are capped at t