Authored Publication: R&T Asia (Thailand) contributes the Thailand chapter to Lexology’s Getting the Deal Through series on Litigation Funding 2021.
Third-party litigation funding has become increasingly popular in recent years. It involves the funding of a claimant’s legal proceedings (which may extend to arbitration as well as litigation) by a third party in exchange for a share of the award if the claim is successful. If the claim fails, the claimant is not liable to reimburse the third-party’s costs, essentially transferring the costs risks of the litigation to the third-party.
The Thailand chapter provides an overview of litigation funding in Thailand, covering aspects such as its regulation, alternative funding options, and costs and insurance, among others.
The chapter was authored by Surasak Vajasit, Melisa Uremovic, Chotiwit Ngamsuwan, and Supawadee Vajasit. To read the full Thailand chapter, please click here.