Third Party Litigation Funding (TPLF) is an arrangement whereby a third party, who has no other connection to the litigation, finances some or all of a party’s legal costs in return for a share of any proceeds of the litigation. In Europe, litigation funding is so far used for a broad range of claims.
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Representative Actions are a type of collective action where claimants are represented by an organisation/body. Those organisations can be in principle private or public. The objective of a representative action is to clarify questions regarding the breach of law and redress.
Alternative Dispute Resolution (ADR) is an umbrella term for a wide variety of out-of-court mechanisms used to resolve disputes and provide redress. ADR is growing in popularity, as it encompasses valuable and cost-effective alternatives to court proceedings.
Ethical Business Practice & Regulation (EBP&R) is a new code for business conduct, drawing on behavioural science, responsive regulation, safety in business and integrity management.
The Product Liability Directive 85/374/EEC applies to any product marketed in the European Economic Area (EU, Iceland, Liechtenstein and Norway) and establishes an EU-wide regime under which the producer is liable if a product is defective and causes injury or damage to consumers.
