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NLJ this week: On the road with litigation funders after PACCAR

13 October 2023
Issue: 8044 / Categories: Legal News , Profession , Litigation funding
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The litigation funding industry had a shock when the Supreme Court delivered its ruling in PACCAR Inc v Competition Appeal Tribunal. But what’s the extent of the damage?

In this week’s NLJ, Lucy Keane, Counsel at Signature Litigation, looks at the facts, law and reasoning behind this seismic judgment.

Keane writes: ‘It is clear this shock ruling could have profound and long-lasting implications for public access to justice; for the litigation funding industry in the UK; and for litigation lawyers for whom third-party funding has become an accepted and necessary source of funding for clients, often in high-value and complex cases.

‘Without this funding, it is conceivable that many significant cases could simply wither away and die.’

Nevertheless, there is scope for optimism, including among some funders themselves. Whatever the future holds, Keane predicts there will be ‘more twists and turns’ to come
Issue: 8044 / Categories: Legal News , Profession , Litigation funding
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MOVERS & SHAKERS

Gilson Gray—Linda Pope

Gilson Gray—Linda Pope

Partner joins family law team inLondon

Jackson Lees Group—five promotions

Jackson Lees Group—five promotions

Private client division announces five new partners

Taylor Wessing—Max Millington

Taylor Wessing—Max Millington

Banking and finance team welcomes partner in London

NEWS
The landmark Supreme Court’s decision in Johnson v FirstRand Bank Ltd—along with Rukhadze v Recovery Partners—redefine fiduciary duties in commercial fraud. Writing in NLJ this week, Mary Young of Kingsley Napley analyses the implications of the rulings
Barristers Ben Keith of 5 St Andrew’s Hill and Rhys Davies of Temple Garden Chambers use the arrest of Simon Leviev—the so-called Tinder Swindler—to explore the realities of Interpol red notices, in this week's NLJ
Mazur v Charles Russell Speechlys [2025] has upended assumptions about who may conduct litigation, warn Kevin Latham and Fraser Barnstaple of Kings Chambers in this week's NLJ. But is it as catastrophic as first feared?
Lord Sales has been appointed to become the Deputy President of the Supreme Court after Lord Hodge retires at the end of the year
Limited liability partnerships (LLPs) are reportedly in the firing line in Chancellor Rachel Reeves upcoming Autumn budget
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