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June 27, 2006
"Litigation finance" -- for people getting divorced
You might expect that particular innovation here, but it's actually being reported in the U.K., where banks are offering something called a "matrimonial dispute loan" advancing funds on the expectation that you will be able to extract the money for repayment from your soon-to-be-ex-spouse. Financial Rounds wonders whether the next step is to securitize the loans.
Posted by Walter Olson at 3:46 PM
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Comparative Law
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