Funding and Fiduciaries
Fiduciaries and the Financing of Insolvency Litigation:
Some Legal and Practical Considerations
The costs of civil litigation have been in crisis for some time, and in a post-pandemic world expenditure on enforcing legal rights could see an unprecedented increase. The costs involved in insolvency work are no exception to this crisis. This article considers some of the legal and practical matters which an insolvency office-holder should take into account when contemplating embarking on litigation and how to finance it. Whilst it necessarily focuses primarily on contentious work, some of the matters addressed are relevant to instructing solicitors and others in relation to non-contentious work as well.
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