July 15, 2014
Will Litigation Finance Hold Corporations Accountable¬†Globally?
Ralph Sutton of Bentham IMF, an Australian-based litigation funding firm, recently sat down with Forbes magazine’s Daniel Fisher, to discuss the issues of liability and accountability in the world of global finance. Read what they have to say about global litigation and the ways that litigation funding can serve as it’s own checks and balance system in the growing world of finance.
On the surface, globalized accountability and liability might sound like a thorn in the side of businesses and individuals around the world. ¬†But it also represents opportunities for setting global standards for appropriate business behavior and for facilitating the spread of consistent and predictable judgment ‚ÄĒ and is worthy of support.
The business of litigation finance is playing an increasing role in addressing crushing litigation costs and providing access to justice on a global scale in instances where a company‚Äôs bad behavior affects individuals or competitors around the world. Years of experience in the UK, Australia, New Zealand and Canada have confirmed the utility and advantages of litigation finance for parties who otherwise lack the financial resources to bring meritorious lawsuits.