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4 Secrets To Know When Applying For Litigation Funding Loans

Considering taking litigation funding loans? Learn these critical factors first! Visit Litigation Capital Management now!

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4 Secrets To Know When Applying For Litigation Funding Loans

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  1. 4 Secrets To Know When Applying For Litigation Funding Loans

  2. Introduction Litigation funding loans are financial arrangements where a third-party litigation funder provides funding to cover the legal expenses of litigations or lawsuits. In return, the funder gets a portion of the judgment or settlement if the case is successful. Both businesses and individuals can take this fund to pursue legal claims without worrying about legal fees. However, there is a lot more to litigation funds that most people are aware of. It’s essential to know certain information if you are considering a loan. So, continue reading to learn what those factors are.

  3. Secrets To Know When Applying For Litigation Funding Loans Regulatory framework:Litigation funding loans in Australia come under particular regulatory frameworks that safeguard the plaintiff’s interests. The regulations require litigation funders to have a licence and adhere to certain codes of conduct. Diverse case coverage: Litigation funders cater to an array of cases. However, whether you will receive the funding depends on the potential and nature of the case. Since not all cases qualify for funding, you have to ensure your case is strong. Commercial litigation, 4 employment disputes, and personal injuries are some of the most common cases funders take on.

  4. Costs and fees: Litigation funding loans are not entirely free. The institutions charge fees. Also, there are critical funding agreement terms that you should be aware of before taking the loan. Typical fees associated with litigation funding include: Origination fees which is a one-time charge for the allowance. Interest rates, which some funders may charge based on the funded amount. Contingency fees refer to the pre-agreed percentage of the settlement that the funder will receive if you win the case. If you lose the case, the litigation funding company will likely not seek repayment. Choose Your Funder Wisely When contemplating litigation funding loans in Australia, you must ensure your funder Has sufficient industry experience and up to date with applicable laws and regulations, Has transparent and honest terms and fee structure, Has adequate financial resources and required licence, Sufficient client reviews.

  5. Bottom Line Litigation funding loans are an excellent way to tackle the burden of litigation expenses. However, it comes with strict regulations, terms and conditions. Hopefully, the above tips have helped you learn something new about litigation funding.

  6. About The Company Litigation Capital Management is a leading provider of litigation funding in Australia. With a team of former litigators, they offer hassle-free funds for businesses and individuals.

  7. Contact US Level 12, The Chifley Tower 2 Chifley Square Sydney NSW 2000 61 2 8098 1390 HTTPS://LCMFINANCE.COM/

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