Burford Chief Valuation Officer writes for IAM about the "unintended consequences of mandated legal finance disclosure"
Burford Chief Valuation Officer Christopher Catalano writes for IAM about the "unintended consequences of mandated legal finance disclosure" as he reports on the recent University of Chicago Law School's Center of Law and Finance Conference.
As Catalano notes, “The dialogue at the recent Chicago conference underscored the danger of broad disclosure requirements. Were disclosure of legal finance mandated, one can imagine that all types of funding for disputes could end up being disclosed. The repercussions of this would clearly be disruptive to court proceedings and potentially prohibitive to access to justice for claimants. The much better alternative is to let judges decide on a case-by-case basis whether legal finance is relevant at all.”
