Our experts have contributed to the publication of a Q&A paper about Litigation Funding in Luxembourg together with Nivalion AG.
Have a look at the chapters below, which are fully investigated in the pdf.
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REGULATION
Overview
Restrictions on funding fees
Specific rules for litigation funding
Legal advice
Regulators
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FUNDERS' RIGHTS
Choice of counsel
Participation in proceedings
Veto of settlements
Termination of funding
Other permitted activities
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CONDITIONAL FEES AND OTHER FUNDING OPTIONS
Conditional fee
Other funding options
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JUDGMENT, APPEAL AND ENFORCEMENT
Time frame for first-instance decisions
Time frame for appeals
Enforcement
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COLLECTIVE ACTIONS
Funding of collective actions
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COSTS AND INSURANCE
Award of costs
Liability for costs
Security for costs
Insurance
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DISCLOSURE AND PRIVILEGE
Disclosure of funding
Privileged communications
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DISPUTES AND OTHER ISSUES
Disputes with funders
Other issues
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UPDATE AND TRENDS
Current developments
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