Litigation finance has been in practice for so many decades, you need to go back to the 1990s..
Litigation finance has been in practice for so many decades, you need to go back to the 1990s, it came into sight as a business in the 1990s. It was happening even before that but it wasn’t seen as the biggest business opportunity in the whole new market. Like minded businessmen took these opportunities and rest is history, it has built the new market in Litigation. It’s the newest in India As of date. We are one into the Litigation Finance practice in India.
Litigation Finance means there will be someone (it may be Company, Individual, Investors etc.) who will..
In simple words: Litigation Finance means there will be someone (it may be Company, Individual, Investors etc.) who will finance you for your lawsuits. You need not to spend from your pocket or working capital for the expenses like Lawyers’ fees, Legal Fees, Court Fees, and other costs related to Lawsuits. If you lose the Lawsuit, you are not required to Repay to the financier. Therefore, it’s called Non-Recourse Litigation Finance.
Litigation Finance is like a holy-offering for Plaintiffs as it gives financial support without any hassle.
Litigation Finance is like a holy-offering for Plaintiffs as it gives financial support without any hassle. Also, Plaintiffs aren’t bound to repay the finance if they lose the Lawsuit. It gives ultimate freedom to the Plaintiff to give the best fight to win the lawsuit.
For Lawsuit Ventures: Lawsuit Ventures always works with the object to solve the financial problem of Plaintiffs so that they can pursue Justice. In return for taking financial risks, contingency risk, Lawsuit Ventures receives a percentage of claim recovered through Legal Process - only if Plaintiffs/Claimants win. For Claimants/Plaintiffs: Financial freedom is the best freedom in this world. Here at Lawsuit Ventures, you will get freedom from Litigation Expenses, and it gives immense security to working capital in the business, somehow indirectly it helps grow business. It also grants freedom to give the best fight.
Litigation Finance is a method by which Plaintiff/Claimant gets non-recourse finance for their litigation or various legal costs via third party funding entities.
Arbitration is a Dispute Resolution process which falls under The Arbitration and Conciliation Act 1996. This process is the fastest process to resolve disputes.
Claimants have to submit all the documents, evidences with Lawsuit Ventures.
Lawsuit Ventures’ experts will review all documents and submit the report showing probabilities of winning the Lawsuit.
This will move positively, Claimants have to sign NDA/Agreement with Lawsuit Ventures.
Claimants are funded!!
Yearly Near about total 3.915% of GDP are being spent behind Lawsuits.
Which may be around Rs. 7,920,700,000,000/-.
References from - National Judicial Data Grid WebsiteContact Us
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