Litigation Funding Post-PACCAR: Insights from Chaya Hanoomanjee скачать в хорошем качестве

Litigation Funding Post-PACCAR: Insights from Chaya Hanoomanjee

Global Legal Group’s Rob Harkavy spoke with Chaya Hanoomanjee, Managing Director at Austen Hays, following her participation in a panel covering litigation funding at the Global Class Actions Symposium 2024. In this interview, they discuss the impact of the PACCAR decision on litigation funders and law firms, highlighting the initial uncertainty it caused and how the industry has adapted by finding creative solutions to mitigate risks. Chaya emphasises the need for future legislation to consider the true costs of funding litigation, particularly given the lengthy duration of cases. She argues that recognising these costs is essential for ensuring fair outcomes for claimants without deterring third-party funders. They also address the evolving landscape of litigation funding, noting the effects of rising interest rates and the potential for funders to withdraw from the market if overly restrictive regulations are introduced. Balancing access to justice with funders’ profit motives is a recurring theme, as Chaya underscores the importance of maintaining judicial principles while keeping litigation funding viable. Watch the full interview here.