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Client Alert August 2, 2023
UK Supreme Court Rules That Many Litigation Funding Agreements Are Unenforceable in England & Wales
In a greatly anticipated judgment of the UK’s Supreme Court, a 4-1 majority has ruled that litigation funding agreements, under which the funder’s remuneration is calculated by reference to a share of the damages ultimately recovered, fall within the statutory definition of damages-based agreements.
Client Alert August 24, 2021
Merricks v Mastercard: UK’s Competition Appeal Tribunal Allows First Ever Opt-Out Class Action
The UK’s Competition Appeal Tribunal has certified the first application for a collective proceedings order on an opt-out basis in Walter Hugh Merricks CBE v Mastercard Incorporated & Ors.
Client Alert December 14, 2020
Merricks v Mastercard – Supreme Court Confirms Certification Test for UK Class Actions
In one of the most anticipated rulings of recent years, on 11 December 2020 the UK Supreme Court handed down judgment in Merricks v Mastercard, dismissing (by a majority) Mastercard’s appeal against the criteria established by the Court of Appeal for the certification of class actions by the UK’s Competition Appeal Tribunal (CAT).