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A Short Overview On Litigation Funding In UAE Region




Annalisa Triggiano, Post Doctoral Fellow in Civil Procedure, Turin University, Italy

ABSTRACT:

The market for third party litigation funding in the UAE (and the Middle East in general) has not expanded as rapidly as it has done in jurisdictions such as the UK, USA and Australia. This is largely due to the perceived uncertainty and lack of foreseeability of legal decisions issued by the UAE Courts, which evidently creates more risk for legal funders. However, with the progressive development of the free zone systems in Dubai and Abu Dhabi (i.e., the Dubai International Financial Centre (DIFC-DIAC) and Abu Dhabi Global Market (ADGM) as well as the introduction of new laws in the UAE that improve the legal landscape within the region, third-party funding is becoming more widespread. We discuss some of these key developments below, considering the TPLF also from an Islamic Law perspective.

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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