Legal

State may soften stance on third-party funding of legal cases

Proposed law change on funding of arbitration may lead to similar model for litigation

Caoilfhionn Ní Chuanacháin, a partner at Addleshaw Goddard: said that a recently proposed legislative change allowed the justice minister to prescribe ‘criteria’ for third party funding contracts in arbitration cases

A recent move to allow for third-party funding of arbitration in Ireland may be used as a template for developing laws to allow people to fund litigation, a leading dispute resolution lawyer has said.

Caoilfhionn Ní Chuanacháin, a partner at Addleshaw Goddard, said a recently proposed legislative change allowed the justice minister to prescribe “criteria” for third party funding contracts in arbitration cases.

Ní Chuanacháin said these criteria could potentially set limits on how much ...