Could the Supreme Court’s ruling on litigation funding agreements cause havoc for litigation funders?

Background to the Appeal R (PACCAR Inc and others) v Competition Appeal Tribunal and others [2023] UKSC 28 considers the statutory interpretation of a “damages-based agreement” (“DBA”) and whether litigation funding agreements (“LFA”) are DBAs. LFAs are entered between a third-party litigation funder and a litigant with the purpose to finance litigation on a contingency…

US Threats of a ‘Te(ch)xodus’ from the UK?

A recent BBC Article reports that US technology giants have warned that the economic and legal landscape in the UK is becoming less appealing for tech companies, such as Meta and Google. This is due to several developments which can be classed into two main categories: (1) Increasing UK legislative regulation, requiring tech giants to…