Litigation funding
Litigation funding has its origins in common law jurisdictions. Litigation funders provide the capital required to pursue and complete court or arbitration proceedings on a non-recourse basis. In return, the funder receives a portion of the proceeds recovered, only if the litigant’s claims are upheld.
AGP has adapted third party funding to the peculiarities of our legal system. We know the idiosyncrasies and needs of Spanish and Portuguese companies and how we can help them. Language and culture give us a huge competitive advantage to become the perfect ally of our clients.
Our goal is to help companies to minimize the actual and opportunity costs arising from legal claims. To do this, we have a team with extensive experience in litigation and arbitration funding, and in the management of litigation and arbitration proceedings in Spain and abroad with a tailor-made approach.
¿WHAT IS IT FOR AND HOW DOES IT WORK?
Legal proceedings entail a series of costs and risks that sometimes place one of the parties at a disadvantage. For example, litigation costs, court administration fees, or the high fees of the professionals involved, essentially lawyers, attorneys and experts, among others.
The inability to finance the costs, or to provide sufficient resources to achieve a successful resolution, discourages many companies and individuals from taking their disputes to the legal arena.
The financing of judicial or arbitration proceedings, trials, litigation or lawsuits, consists, in short, in shifting the costs and risks inherent in such proceedings to a third party.
Therefore, it is a service that allows any individual or legal entity the opportunity to act in a judicial or arbitration proceeding, normally as a claimant, without having to pay for it, or assume the risks that would entail the hypothetical loss of the proceeding.
The financing of proceedings has a wide experience in the field of all types of claims: unfair competition, construction defects, consumers and users, defective products, intellectual and industrial property, breach of contracts and commercial agreements such as non-payment, travel and hospitality, franchising, distribution, etc.
HOW CAN AGP ASESORES HELP YOU?
We offer individuals and companies the possibility of shifting the financial responsibilities and risks involved in their cases.
AGP provides its clients with the human, material and/or financial resources necessary to initiate the judicial procedure, and to remain in the same, with sufficient guarantees of success, until its conclusion.
Likewise, in the event that a negative result is obtained in the case, the firm will also assume the payment of the “procedural costs” of the opposing party.
WHAT IS THE COST OF LITIGATION FUNDING?
Litigation funding is a business activity, and as such, it is performed in exchange for a fee.
The price can vary from a fixed amount, to conditional billing arrangements, to mixed solutions. The rates applied by each financial company vary substantially, and this is one of the points that has received the most criticism within and outside the sector.
At AGP Asesores we work to avoid abuses of the sector with people in need.
That is why we offer our clients access to quality justice with transparent, documented fee proposals, made in conjunction with our clients, and tailored to their needs.
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