Recently, Thomson Reuters Practical Law UK, the world's renowned legal publisher, released its Practice Note entitled Third-Party Litigation Funding: Overview (China), with related checklist and options (the "Practice Note"). The Practice Note was co-authored by Eric Liu (Partner), Ying Zeng (of Counsel), and Qian Cao (Associate) from Han Kun's Commercial Dispute Resolution Department.
The Practice Note analyzes leading edge practical and legal issues related to third-party litigation funding in the Chinese mainland by referring to industry practice and court decisions. It addresses various issues such as the legal position on third-party litigation funding arrangements, the advantages and risks of litigation funding, how the funding arrangement works, and the legal and ethical constraints that might impact funding agreements. The Practice Note also highlights the recent developments of third-party litigation funding in China and provides an outlook for future litigation funding practices based on Han Kun's dispute resolution experience.
