The long and short of third-party litigation funding

IT is heartening to know, as expressed by Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said, that our government has called for an “urgent review and global reform of the third-party litigation funding (TPLF) industry” – “Azalina launches ‘Sulu Fraud vs Malaysia’s Truth’ ebook during working visit to Brussels” (The Star, Feb 13; http://tinyurl.com/nmxsf2uz).

TPLF is where a third party (with no prior connection to the litigation) agrees to finance all or part of the legal costs of the litigation in return for a fee payable from the proceeds recovered by the funded litigant.