Irish Court Deals Blow to Third-Party Funders

Yesterday, Ireland’s Supreme Court delivered a “blow” to the third party litigation funding (TPLF) industry, according to the Law Society Gazette.

In Persona Digital Telephony Ltd v The Minister for Public Enterprise, Ireland’s highest court ruled that litigation funding remains unlawful in the jurisdiction, and is both a civil and criminal offense.

Chief Justice Susan Denham said that TPLF is a “complex, multi-faceted issue, more suited to a full legislative analysis.”