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Champerty and maintenance in the U.K.

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Long regarded as more conservative than the U.S. on matters of litigation ethics, Great Britain may soon bid to out-Americanize the Americans:

[German-based international insurer Allianz] is launching a new business dedicated to investing in British legal disputes.

The insurer is the first mainstream institution to join the UK�s fledgling market for third-party litigation, where investors offer to pay legal fees upfront, in return for a share of the winnings.

More here and, from a Times writer who can't imagine any dangers arising from the practice, here.

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Isaac Gorodetski
Project Manager,
Center for Legal Policy at the
Manhattan Institute
igorodetski@manhattan-institute.org

Katherine Lazarski
Press Officer,
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.