While third-party funding has become commonplace in the United States, Australia, UK and other common law countries, it has only now truly arrived in France. The first wholly French third-party funder, named Alter Litigation, was initiated only weeks ago and its website is available here.
It’s founder, Frederic Pelouze, a former attorney, indicates that he has created this fund to provide access to justice and equality of the parties to arbitration. Despite its detractors, it is undeniable that third-party funding, when properly used, is an important tool for promoting access to arbitral justice for clients that would otherwise lack the means to do so.
Please feel free to email me if you have any questions about third-party funding.