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Commercial_Litigation_Financing

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					Title:
Commercial Litigation Financing

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268

Summary:
A person who suffers a personal injury caused by another person can go
in for litigation cases. Similarly, companies too are often involved in
litigation. The reason can be attributed to the competitive market and
‘unfair competitions,’ too. Here the simple disputes in the conduct of
business and commercial transaction sow the seeds for litigation.


Keywords:
litigation financing, commercial litigation financing, litigation cash
advances, litigation financing companies


Article Body:
A person who suffers a personal injury caused by another person can go
in for litigation cases. Similarly, companies too are often involved in
litigation. The reason can be attributed to the competitive market and
‘unfair competitions,’ too. Here the simple disputes in the conduct of
business and commercial transaction sow the seeds for litigation.

The companies may reach a discord due to various factors. These can be a
wrongful termination of an employer or employee, breach of contract,
disputes of insurance, partnership, shareholders, bankruptcy and so on.
Such disputes of commercial transactions can affect the business of that
company. For instance, one of the two companies involved in partnership
joins hands with a third party clandestinely. There is a breach of trust
and related damages caused on the other company. This ‘cheated’ company
can file for litigation against its partner company.

Finally, the disputing companies try to resolve their ongoing case
through the court. This is known as Commercial Litigation. The companies,
like the individual, take the help of an expert attorney to protect their
interest. The attorney files the case for a contingent fee. The company
involved in litigation, with the support of the attorney, seeks the
Litigation Financing Company for its expenses. The company providing
Litigation Financing evaluates the case. If the case appears worthy
enough, the company offers an advance, often, termed as litigation loan.
These are pre-settlement advances of non-recourse nature. That means the
company gets its recovery charges if and only if its client company wins
the case. But to ensure proper Commercial Litigation Financing one needs
to resort to the attorney.

				
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posted:6/25/2012
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