Sky News understands that the International Legal Finance Association (ILFA) wants ministers to use the Horizon Bill to reverse a Supreme Court ruling which has cast a pall across the litigation funding sector.
Litigation funding sources argue that the ruling in a case known as PACCAR, which concerned truck manufacturers accused of acting as a cartel, has made litigation funding “almost impossible in the UK, and risks unwinding years of historic judgments against proven corporate wrongdoers who have harmed people and small businesses”.
