Yesterday, our CEO, Jesús Rodrigo Lavilla, participated in FIDE as a speaker at the round table on “Trends in the field of litigation finance at the close of 2024 with an eye on 2025”
It was a dynamic table, excellently chaired by Sonsoles Centeno, partner of Pérez – Llorca and Academic Advisor of FIDE.
Diego Trillo, General Secretary and Secretary of the Board of Enagás had the opportunity to explain his experience with the litigation finance industry from the company’s point of view.
Cristian Gual, Partner at Uría Menéndez, gave his perspective from his position as a lawyer.
The contributions of the Chairwoman of the roundtable and the speakers were very interesting and brilliant.
Our conclusions, from PLA, have been the following:
- We confirm the growth and consolidation of the industry since 2020 not only worldwide but also in Spain and Portugal by sharing illustrative data.
- We had the opportunity to explain the criteria and methodology used and followed by litigation funds to invest in a litigation asset.
- We discussed basic issues such as conflicts of interest and transparency and pointed out where the regulation to be approved in 2025 should go in order to protect all parties involved in the industry.
- We discussed how the industry should be regulated and concluded that self-regulation should be the best approach as it is an industry unknown to the legislator.
- In any event, it would be a desirable practice in 2025 to listen to the litigation finance industry before passing regulatory provisions governing litigation asset finance
- To this end, we value very positively the mapping exercise launched by the European Commission during 2024 in which all relevant industry stakeholders have been consulted.
- We point out, among other issues to be followed during the year 2025, the transposition of the Directive on class actions in the field of consumer law – which was pending in the last fiscal year – as well as the resolution of preliminary questions related to the field of competition that will have a clear impact on the law of damages related to competition issues.
