Regulatory Alerts2018-01-01
Consultation Paper No. 6 of 2018 – Proposed Litigation Funding Rules
The Chief Justice of the Abu Dhabi Global Market Courts issued this consultation paper to invite public comment on proposed rules governing litigation funding agreements under ADGM Regulations. The draft rules establish mandatory conditions for funders, including a US$5 million qualifying asset threshold and principal business requirements, alongside strict content mandates for funding agreements to ensure enforceability. Key provisions address conflict of interest prohibitions, independent legal advice, confidentiality, and jurisdiction clauses to protect funded parties and manage costs disputes.
Share