PACCAR Should Be 1st Step To Regulating Litigation Funders

By Rosa Curling (March 19, 2024, 2:15 PM GMT) -- In July 2023, the U.K. Supreme Court ruled in R (on the application of PACCAR Inc. and others) v. Competition Appeal Tribunal[1] that litigation funding agreements, or LFAs, which entitle funders to payment by reference to the amount of damages recovered, are damages-based agreements. They must therefore comply with the Damages-Based Agreements Regulations 2013, which detail the requirements for enforceable DBAs....

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