Champerty: The ancient law still felt today
The ban on third-party legal funding dates from the tail end of the medieval era – and was abolished in Britain half a century ago
When discussing commercial investments in Ireland, one normally thinks of traditional products such as hotels or companies. However, in recent years, the possibility of investing in other people’s litigation has started to creep into this jurisdiction from Britain and the United States.
This raises some fundamental questions. Is litigation an everyday commercial product that can be bought and sold like shares or property? Should we allow disputes to be the subject of investment...
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