Prozessfinanzierung
The German term for third-party litigation funding: a funder pays the court and lawyer costs, and the other side's costs if the case is lost, in return for a share of the proceeds agreed in the contract. Funders usually look for larger claims with good prospects.
Frequently asked questions
What is Prozessfinanzierung?
The German term for third-party litigation funding: a funder pays the court and lawyer costs, and the other side's costs if the case is lost, in return for a share of the proceeds agreed in the contract. Funders usually look for larger claims with good prospects.
Where is the term used?
Mainly in Germany, Austria and Switzerland.