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662044

registered interest
date	19/12/2016
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Civil Proceedings: Third Party Financing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether, in the light of the rapid expansion of third party litigation, they plan to introduce statutory regulation of funders.
tabling member printed	Lord Hodgson of Astley Abbotts
uin	HL4213
answer	answer is ministerial correction date of answer 24/01/2017 answer text <p>The Government does not believe that the case has been made out for moving away from voluntary regulation, as agreed by Parliament during the passage of the Legal Aid, Sentencing and Punishment of Offenders Act 2012. The market for third party litigation funding, remains at a relatively early stage in its development in this jurisdiction and we are not aware of specific concerns about the activities of litigation funders. The Government has not therefore undertaken a formal assessment of the effectiveness of the voluntary code of conduct or the membership of the Association of Litigation Funders. The last Government gave Parliament an assurance that it will keep third party litigation funding under review and this Government is ready to investigate matters further should the need arise.</p> answering member printed Lord Keen of Elie grouped question UIN HL4214 HL4216 question first answered 24/01/2017 15:11:59 answering member 4538 label Biography information for Lord Keen of Elie
tabling member	1651 label Biography information for Lord Hodgson of Astley Abbotts

662045

registered interest
date	19/12/2016
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Civil Proceedings: Third Party Financing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether it is the case that fewer than half the number of UK based firms, and no overseas based firms, have joined the Association of Litigation Funders; and what assessment they have made of the effectiveness of the voluntary code of conduct drafted by the Association.
tabling member printed	Lord Hodgson of Astley Abbotts
uin	HL4214
answer	answer is ministerial correction date of answer 24/01/2017 answer text <p>The Government does not believe that the case has been made out for moving away from voluntary regulation, as agreed by Parliament during the passage of the Legal Aid, Sentencing and Punishment of Offenders Act 2012. The market for third party litigation funding, remains at a relatively early stage in its development in this jurisdiction and we are not aware of specific concerns about the activities of litigation funders. The Government has not therefore undertaken a formal assessment of the effectiveness of the voluntary code of conduct or the membership of the Association of Litigation Funders. The last Government gave Parliament an assurance that it will keep third party litigation funding under review and this Government is ready to investigate matters further should the need arise.</p> answering member printed Lord Keen of Elie grouped question UIN HL4213 HL4216 question first answered 24/01/2017 15:11:59 answering member 4538 label Biography information for Lord Keen of Elie
tabling member	1651 label Biography information for Lord Hodgson of Astley Abbotts

662048

registered interest
date	19/12/2016
answering body	Ministry of Justice
answering dept id	54
answering dept short name	Justice
answering dept sort name	Justice
hansard heading	Civil Proceedings: Third Party Financing
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty’s Government whether they plan to introduce regulations to ensure that third party litigation funders are subject to the same statutory duties and obligations as apply to law firms operating in the same field.
tabling member printed	Lord Hodgson of Astley Abbotts
uin	HL4216
answer	answer is ministerial correction date of answer 24/01/2017 answer text <p>The Government does not believe that the case has been made out for moving away from voluntary regulation, as agreed by Parliament during the passage of the Legal Aid, Sentencing and Punishment of Offenders Act 2012. The market for third party litigation funding, remains at a relatively early stage in its development in this jurisdiction and we are not aware of specific concerns about the activities of litigation funders. The Government has not therefore undertaken a formal assessment of the effectiveness of the voluntary code of conduct or the membership of the Association of Litigation Funders. The last Government gave Parliament an assurance that it will keep third party litigation funding under review and this Government is ready to investigate matters further should the need arise.</p> answering member printed Lord Keen of Elie grouped question UIN HL4213 HL4214 question first answered 24/01/2017 15:12:00 answering member 4538 label Biography information for Lord Keen of Elie
tabling member	1651 label Biography information for Lord Hodgson of Astley Abbotts