Our Time – “You Take Action. We Fund Your Litigation.”
Do you have a case that has to go to court, or a tribunal, but need money for attorneys? Then litigation funding is for you. We work on a NO WIN NO PAY basis.
What is litigation funding?
Litigation funding is a loan for legal representation. People who are unable to pay for legal assistance up front can pursue justice through litigation finance, which enables them to get loans intended expressly for this purpose. Litigation funding is the process by which a business or a third party offers cash to assist in paying of the costs associated with a legal procedure. These costs may include filing fees, professional fees, and other applicable expenses. If your case isn’t strong enough to succeed in court, you might not be granted litigation financing, which is dependent on the merits of your case.
Who qualifies for litigation funding?
A loan for legal representation can only be granted to individuals who meet certain requirements. First, they must be citizens or permanent residents, at least eighteen years old, and have an active legal case with a reasonable chance of success. Secondly, they must be able to prove that they will need the money to continue their legal action.
What is the procedure for applying?
Applying for litigation funding is a fairly easy process. The finance company will first receive a brief case summary from you. After considering the situation, the funding company will decide whether or not to offer funding. They will give you an offer with the loan parameters outlined if they are able to grant the funding. You will enter into a contract with the funding company and start receiving money after you accept the offer. This money can then be utilised to cover the cost of your legal proceedings.
Which kinds of lawsuits fall under the purview of litigation funding?
Labour disputes
Commercial lawsuits
Consumer disputes
…AND MANY MORE…