English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 113648/144635 (79%)
Visitors : 51662912      Online Users : 490
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/136437


    Title: 訴訟財務
    Emerging Asset Class: Litigation Finance Qualitative Industry Analysis
    Authors: 竇祥麟
    Doherty, Nicholas Stephen
    Contributors: 郭維裕
    Kuo, George
    竇祥麟
    Nicholas Stephen Doherty
    Keywords: 訴訟財政
    法定資產
    litigation finance
    legal asset
    Date: 2021
    Issue Date: 2021-08-04 15:06:15 (UTC+8)
    Abstract: This paper presents a qualitative analysis of the current litigation finance industry business model. What began as a simple investment of single lawsuits quickly evolved into today’s more sophisticated investment fund driven model. Litigation finance companies now financially support a much more sizable amount of the global legal market’s litigation needs. The litigation finance industry’s growth attracts more funding requests and investor attention than ever before.
    The litigation finance industry still receives a lot of criticism from regulators despite its rising popularity. This paper first explains the necessity of litigation finance, how litigation funding agreements operate, and who seeks funding. It shows why litigation finance receives wide-spread adoption and acceptance by civilian, commercial, and government entities around the world.
    Then, it explains why many types of investors and traditional investment funds find litigation finance attractive enough to add it to their portfolios. It explains how legal asset risk is accurately assessed and diversified in order for litigation finance companies and their investors to bear it when funding legal assets.
    Case studies featuring two publicly traded litigation funding firms showcase successful evolving business strategies used by the industry to satisfy investors and shareholders. These business strategies illustrate how to measure the performance of litigation finance companies. They show how they add value to the legal market. They also depict the dependent relationship deepening between litigation finance companies and the global legal industry.
    Reference: REFERENCES
    “2019 Report on the State of the Legal Market.” Thomson Reuters Legal Executive Institute,
    January 2019, www.thomsonreuters.com/en/press-releases/2019/january/rebuilding-the-law-firm-model-2019-report-on-the-state-of-the-legal-market.html
    Absolute Market Insight. “Global Litigation Funding Investment Market was Valued at
    US$ 10,916.3 Mn in 2018 and is Expected to Reach US$ 22,373.3 Mn by 2027 Growing at a CAGR of 8.3%.” PR Newswire, February 17, 2020, www.prnewswire.com/news-releases/global-litigation-funding-investment-market-was-valued-at-us-10-916-3-mn-in-2018-and-is-expected-to-reach-us-22-373-3-mn-by-2027-growing-at-a-cagr-of-8-3-over-the-forecast-period-owing-to-litigation-funding-investments-being-un-301005840.html
    Agee, Charles and Lowe, Gretchen. “Litigation Finance Buyer’s Guide.” Westfleet Advisors,
    2019,https://advantage.westfleetadvisors.com/litigation-finance-buyers-guide
    “An Intellectual Asset Production Company.” Soryn IP Group, January 07, 2021,
    www.sorynipgroup.com
    “As the Funding Industry Evolves, Portfolio Financing Grows in Popularity.” Omni Bridgeway, May 11, 2018, omnibridgeway.com/insights/blog/blog-posts/global/2018/05/10/as-the-funding-industry-evolves-portfolio-financing-grows-in-popularity
    Baker, Brian. “In Low-Yield Environment, Litigation Finance Booms.” MarketWATCH, August 21, 2018, www.marketwatch.com/story/in-yield-environment-litigation-finance-booms-2018-08-07
    Bedi, Suneal and Marra, William C. “The Shadows of Litigation Finance.” Vanderbilt Law
    Review, Forthcoming, August 3, 2020, ssrn.com/abstract=3666498
    Beron, Bruce L. and Kinsella, Jason E. “David Versus Goliath Patent Cases: A Search for the Most Practical Mechanism of Third Party Litigation Financing for Small Plaintiffs.” 2011
    “Burford Analysis of 2019 AM100 and AM200 rankings.” Burford Capital Annual Report, p. 16, 2019, www.burfordcapital.com/shareholders/disclosure/#regulatoryannouncementsandpresentations_4
    “Burford Annual Report 2019.” Burford Capital Limited, 2020, https://www.burfordcapital.com/shareholders/disclosure/#regulatoryannouncementsandpresentations_4
    “Burford Annual Report 2018.” Burford Capital Limited, 2019,
    https://www.burfordcapital.com/shareholders/disclosure/#regulatoryannouncementsandpresentations_4
    “Burford Annual Report 2017.” Burford Capital Limited, 2018,
    https://www.burfordcapital.com/shareholders/disclosure/#regulatoryannouncementsandpresentations_4
    Carroll, Maureen. “Fee-shifting Statutes and Compensation for Risk.” Indiana Law Journal, Vol. 95, No. 4, 2020, June 3, 2020, ssrn.com/abstract=3617885
    “Case Study: How a Hybrid Portfolio Can Help Firms Extend Discounts on Defense-side Cases.” Omni Bridgeway, April 25, 2018, omnibridgeway.com/insights/blog/blog-posts/global/2018/04/25/case-study-how-a-hybrid-portfolio-can-help-firms-extend-discounts-on-defense-side-cases
    Cohen, Joel E. “Portfolio Litigation Funding and its Use by Insolvent Estates.” Stout, April 11, 2019,www.stout.com/en/insights/article/portfolio-litigation-funding-its-use-insolvent-estates
    Couture, Wendy Gerwick. “Securities Regulation of Alternative Litigation Finance.” Securities Regulation Law Journal, Vol. 42, p. 5, 2014, September 18, 2013, ssrn.com/abstract=2327722
    DeStefano, Michele. “No lawyers Influencing Lawyers: Too Many Cooks the Kitchen or Stone Soup?” Fordham Law Review, Vol. 80, Issue 6, Article 16, 2012, ir.lawnet.fordham.edu/flr/vol80/iss16/16
    “GAR30: Ranking of the World’s Leading International Arbitration Practices.” Global Arbitrator Review, April 5, 2019, globalarbitrationreview.com/the-gar-30-revealed-3
    “General Solicitation-Rule 506(c).” U.S. SECURITIES AND EXCHANGE COMMISSION, March 12, 2020, www.sec.gov/smallbusiness/exemptofferings/rule506c
    Gillers, Stephen. “Waiting for Good Dough: Litigation Funding Comes to Law.” Akron Law Review, Vol. 43, Issue 3, Article 2, 2010, ideaexchange,uakron.edu/Akron law review/iss3/2
    Grand View Research. “Legal Market Services 2019-2025.” Grand View Research, September 2019, www.grandviewresearch.com/press-release/legal-services-market
    Grant, Verity. “Portfolio Litigation Funding Arrangements: What’s All the Fuss About?.” Practical Law Dispute Resolution Blog, November 26, 2018, disputeresolutionblog.practicallaw.com/portfolio-litigation-funding-arrangements-whats-all-the-fuss-about/
    Grec, Alain and Marquais, Oliver. “Investment Management and Corporate Structuring
    Considerations for Third-Party Funders in Luxembourg.” ASA Bull, Vol. 38, February
    2020, https://www.loyensloeff.com/media/478581/marquais_offprint.pdf
    “HFW Signs £25M Portfolio Litigation Funding Deal with Augusta.” HFW,
    www.hfw.com/HFW-Signs-Portfolio-Litigation-Funding-Deal-with-Augusta-July-19
    “How Does Collateral Work in an Litigation Portfolio?.” Yieldstreet, www.yieldstreet.com/resources/article/how-does-collateral-work-in-a-litigation-portfolio
    “Investment Fund IV Handout v5.” Pravati Capital, August 27, 2020,
    https://pravaticapital.com/alternative-investments/
    “Ion Basgan Fund.” CAIAC Fund Management AG, April 8, 2019,
    https://www.tpfl.ch/gallery/tpfl%20fund%20prospectus%20(english%206may19).
    pdfJackson-
    “Jacobs, Mark R.” Arrowhead Capital, January 07, 2021, http://arrowheadcapital.com/team.html
    Kreder, Jennifer Anglim and Bauer, Benjamin A. “Litigation Finance Ethics: Paying Interest.” J. Prof. Law. 1, 2013, April 18, 2013, ssrn.com/abstract=1793363
    “Merits of the Case.” TransLegal, January 12, 2021,
    https://www.translegal.com/dictionary/en/merits-of-the-case/noun/
    Molot, Jonathan T. “A Market in Litigation Risk.” University of Chicago Law Review, Vol. 76, p. 367, 2009, Georgetown Public Law Research Paper, No. 11-133, ssrn.com/abstract=1962643
    Molot, Jonathan T. “Litigation Finance: A Market Solution to a Procedural Problem.” Georgetown Law Journal, Vol. 99, 2010, Georgetown Public Law Research Paper, No. 11-134, https://ssrn.com/abstract=1962677
    Nester, Richard. “Global Litigation Funding Investment Market to Expand Owing to Increasing Number of Funder; Market to Grow by CAGR of 8.76% During 2020-2028.” Market Watch, December 3, 2020, www.marketwatch.com/press-release/global-litigation-funding-investment-market-to-expand-owing-to-increasing-number-of-lawsuit-funders-market-to-grow-by-a-cagr-of-876-during-2020-2028-2020-12-03?tesla=y
    Pavia, Annie. “Analysis: Firm Lawyers Wary of Portfolio Litigation Financing.” Bloomberg
    Law, March 5, 2020, news.bloomberglaw.com/bloomberg-law-analysis/analysis-firm-
    lawyers-wary-of-portfolio-litigation-financing?context=search&index=1
    Pavia, Annie. “Analysis: For Litigation Finance, New Heights Are Within Reach.” Bloomberg Law, November, 16, 2020, news.bloomberglaw.com/bloomberg-law-analysis/analysis-for-litigation-finance-new-heights-are-within-reach?context=search&index=0
    Payne, Jennifer. “The Role of Gatekeepers.” Oxford Handbook of Financial Regulations (N
    Moloney, E Ferran and J Payne eds)(OUP 2014), Oxford Legal Studies Research Paper, No.22/2014, April 23, 2014, ssrn.com/abstract=2428121
    “Portfolio Finance.” Burford, www.burfordcapital.com/how-we-work/expertise/portfolio-finance/
    “Portfolio Finance.” Curriam, www.curiam.com/portfolio-finance/
    “Private Debt Investing: Benefits and Current Market Conditions.” Saratoga Investment Corp, January 27, 2021, https://saratogainvestmentcorp.com/articles/private-debt/
    “Private Placement-Rule 506(b).” U.S. SECURITIES AND EXCHANGE COMMISSION, March 12, 2020,www.sec.gov/smallbusiness/exemptofferings/rule506b
    Perry, Ronen. “Crowdfunding Civil Justice.” Boston College Law Review, Vol. 59, pp. 1357-1395, 2018,September 1, 2017, ssrn.com/abstract=304112
    Randazzo, Sara. “Litigation Financing Attracts New Sets of Investors.” Wall Street Journal, May 15, 2016, https://www.wsj.com/articles/litigation-financing-attracts-new-sets-of-investors-1463348262
    Richmond, Douglas R. “Other People’s Money: The Ethics of Litigation Funding.” Mercer Law Review, pp. 649-651, 2005
    “Risk Transfer in Commercial Litigation: Risk, Finance, Funding, and Insurance Solutions.” Lexology, March 31, 2016, January 19,2021,https://www.lexology.com/library/detail.aspx?g=44f31653-c46d-4dab-8dfe-f80b2106e834
    Russell, David. “Litigation Financing and the Birth of a Legal Market.” SSRN, May 15, 2016,
    ssrn.com/abstract=2780177
    Steinitz, Maya and Field, Abigail. “A Model Litigation Finance Contract.” Iowa Law Review,
    Vol. 99, pp. 711-771, 2014, January, 2014, ssrn.com/abstract=2320030
    Steinitz, Maya. “Follow the Money? A Proposed Approach for Disclosure of Litigation Finance Agreements.” UC Davis Law Review, 2019, Forthcoming, University of Iowa Studies Research Paper No. 2019-08, March 26, 2019, ssrn.com/abstract=3360672
    Steinitz, Maya. “The Case for an International Court of Civil Justice.” 67 Stan. L. Review Online 75, December 2014, University of Iowa Legal Studies Research Paper, No. 14-33, https://ssrn.com/abstract=2519736
    VerdictSearch. “The Top 100 Verdicts of 2018.” National Law Journal, June 5, 2019,
    www.law.com/nationallawjournal/2019/06/05/top-100-verdicts-2018-chart/
    Wendel, W. Bradley. “Paying the Piper but Not Calling the Tune: Litigation Financing and
    Professional Independence.” Akron Law Review: Vol 52: Issue 1, Article 1, 2019,
    ideaexchange.uakron.edu/akronlawreview/vol52/iss1/1
    “Who We Are: Our Team.” Argo Partners, January 07, 2021, www.argopartners.net/who-we-
    are/team
    “Winding Up, Delisting and Notice of General Meeting.” Juridica Investments Limited,
    November 28, 2018, January 26, 2021, http://www.juridicainvestments.com/~/media/Files/J/Juridica/pdfs/2018-11-28-jil-delisting-and-liquidation-circular-and-proxy-final.pdf
    Description: 碩士
    國立政治大學
    國際經營管理英語碩士學位學程(IMBA)
    108933047
    Source URI: http://thesis.lib.nccu.edu.tw/record/#G0108933047
    Data Type: thesis
    DOI: 10.6814/NCCU202100678
    Appears in Collections:[國際經營管理英語碩士學程IMBA] 學位論文

    Files in This Item:

    File SizeFormat
    304701.pdf1681KbAdobe PDF247View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback