THIRD-party litigation funding (TPLF) helps those entitled to damages but are unable to afford the legal costs. Defined in Article 8.1 of the 2017 Global Economic and Trade Agreement, TPLF is financing provided by individuals or entities, whether natural or legal, who are not directly involved in the dispute.
In a typical TPLF arrangement, a third-party investor steps in to cover all or part of the legal costs of a dispute they have no direct stake in. In return, the investor assumes a share of the financial risk and, if the case succeeds, gets a percentage of the final settlement or judgment.
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