Global litigation financiers plan India entry to target company disputes
Some of the world’s top litigation financiers, such as Australia’s Omni Bridgeway, plan to tap the Indian market by funding the legal costs of disputes that embroil companies, executives told Reuters.
The concept of litigation finance is widely prevalent in Australia, the United Kingdom and the United States, where such financiers pay legal fees and other costs of commercial lawsuits, arbitration or shareholder disputes and in return get a share of the award from a settlement or a win.
So far in India, however, it has been a little-known concept, with cases few and far between.
RPT-Global litigation financiers plan India entry to target company disputes
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Global litigation financiers plan India entry
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Global litigation financiers plan India entry to target company disputes
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.