Important: Which litigation funder?

Effective enforcement of one's own claim requires the right litigation financier. But how do you find one?

The easiest way today – as in almost all situations – is via Google. The search engine then offers, in addition to advertisements, the Wikipedia entry (not suitable), a platform where one can set one's claim (unnecessary) and an overview of the lawyers' association that is quite current as of May 2022. The subdivision of the 18 companies listed there is only helpful to a limited extent, but at least you can easily get to the corresponding company pages via the links there.

Obviously, not every company will fund every claim. Litigation funders can be categorized as follows:

1. International financiers

Claims below higher values in the millions are not wanted here, those with an international connection are better off with smaller litigation financiers. This is especially true if the debtor is located abroad and a judgment has to be enforced outside Germany (Europe). Financiers for this would be e.g. Omni Bridgeway (Amsterdam/Cologne), Deminor (Brussels/Hamburg) and Nivalion (Zurich/Frankfurt).

2. National financiers

The two established financiers FORIS AG (Bonn) and Legial AG (Munich) basically finance all types of claims, which should, however, also amount to at least several hundred thousand euros. The websites provide information on the legal areas in which the companies focus (Legial: including insolvency law, FORIS: including inheritance law).

3. Special financiers

Some companies, often Legal Techs, specialize in niches, such as Erbteilung GmbH (Weilheim), which finances heirs who want to realize their share of inheritance from communities of heirs. Legal Techs usually run campaigns in which they bundle a large number of similar claims (diesel, flight delays, online casinos, fitness clubs, etc.). You can always find them by doing a Google search under the relevant keyword. A comparison of conditions is worthwhile here. In some cases, the claimant's claim is financed by the company itself; in others, the claimant's claim is purchased (RightNow GmbH, Düsseldorf).

4. Arbitration

Arbitration proceedings are a special field in which only a few litigation funders really know their way around and have the necessary financial resources. For Germany/Europe, for example, Omni Bridgeway (Cologne), for the rest of the world, in addition to Omni Bridgeway, Burford Capital (London/Zurich) and Habour Litigation Funding (London) should be mentioned.

Alternatively, you can contact me at any time and I will be happy to help you select the appropriate litigation funder.