"Third Party Contingency" contracts in settlement and litigation

Arbeitspapier

We present, for the first time, a model of recent institutional developments in litigation funding across several European jurisdictions. Recognizing the financing constraints that British cost rules may impose on litigants, these new contractual arrangements combine contingency fees with third party cover for cost in the event of losing the case: we call these ?Third Party Contingency? (TPC) contracts. Signing a TPC contract can make filing a suit credible and may increase settlement amounts. This does not, however, increase the likelihood of going to trial, since TPC contracts are only of mutual benefit to the plaintiff and the third party when the case settles out of court. We also find that the mere availability of TPCs may generate the above strategic effect.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CSLE Discussion Paper ; No. 2002-11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Insurance; Insurance Companies; Actuarial Studies ; Litigation Process
• Thema: Contingent fees ; British cost allocation rule ; Legal Cost Insurance ; strategic moves ; Gerichtliche Prozesskosten ; Rechtsschutzversicherung ; Erfolgsbeteiligung ; Vertragstheorie ; Verhandlungstheorie ; Theorie

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Kirstein, Roland ; Rickman, Neil
• Ereignis: Veröffentlichung
• (wer): Universität des Saarlandes, Center for the Study of Law and Economics (CSLE)
• (wo): Saarbrücken
• (wann): 2002

Weitere Informationen

• Handle: http://hdl.handle.net/10419/23125
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ