Richard Hornshaw Quoted by CDR on Implications of PACCAR Decision
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Akin international disputes partner Richard Hornshaw has been quoted by Commercial Dispute Resolution as part of its report on the Global Class Actions Symposium 2023 in London.
As part of the day’s discussions, Richard spoke on the Funding panel, which explored the current challenges, opportunities and implications of financing litigation.
In speaking about the U.K. Supreme Court decision on PACCAR, Richard commented, “Funders had been preparing for this possibility, when the revised drafts were published in 2019 this point was front and centre, so it has been on the table. But it is fair to say there was intense activity among funders around the time of the decision.”
Richard added that he has observed a few minor problematic scenarios related to PACCAR, helped by stakeholders’ pragmatic approach, but conceded it adds incremental risk.
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