Documents
Pioneering transparency and efficiency through
our publicly available documentation.
To raise standards,
the industry needs action, not words.
As leaders in our industry, we aspire to raise standards continuously.
Litigation funding has grown rapidly over the past two decades. It has become an established financial market, but as it continues to grow, we believe it should operate like one too.
All major financial markets have increasing standardisation processes and frameworks. Litigation funding has very little but the first major step the industry could take is standardising transaction documentation. As the LMA standards in the syndicated loan market and the International Swaps and Derivatives Association (ISDA®) framework in the derivatives market have shown, the benefits of transparent and standardised documentation are enormous for all.
Driving transparency through standardisation.
Leveraging the combined litigation and commercial experience of LionFish, we have made publicly and freely available our documentation suite since 2021.
We acknowledge these may not become the market standard but the objective is to add impetus and transparency to the process of standardisation, so that it raises standards to the same level as the other established financial markets to which we should be benchmarking ourselves.
The suite contains
Litigation Funding Agreements
Copies of single funder and multi-funder templates respectively, these agreements are typically signed by the litigant(s), the acting lawyer and the funder to the dispute.
Priorities Deed
Entered into by all parties to the funded case, including any ATE insurer, and sets out the order of distribution of any proceeds.
Charge over Proceeds
A charge provided by the funded party in certain circumstances provided in favour of the funder over the proceeds of the funded case.
Assignment Deed
An assignment provided by the funded party in circumstances where an ATE insurance policy is taken out on its behalf for the benefit of the funder.