Going Dutch: Understanding Funders’ Perspectives on the dynamics of Dutch Litigation
Dippy Singh from CDR Magazine recently interviewed our Investment Officer and Dutch-qualified lawyer, Bram Berends.
Since the introduction of the WAMCA regime in January 2020 the acceptance and use of litigation funding in the Netherlands has been given an impetus. The Dutch court’s decision brings into question its effect on third party litigation funding in the Netherlands.
Bram remarks, “Woodsford has made a significant investment in the Dutch litigation market, with a focus on our core area of collective redress. We are confident about the future of our business in the Netherlands.” He explains the importance of Netherlands as an important market to funders since many major companies are listed or headquartered in this jurisdiction. Subsequently, these companies’ institutional investors are participating in proceedings funded by Woodsford against Dutch-based companies including Airbus, Philips and ABN AMRO Bank.
When discussing the impact WAMCA has on funding in the region, Bram states, “According to the Dutch Central Register of Collective Actions, 24 WAMCA-proceedings have already ended and another 74 WAMCA-proceedings are currently ongoing. A significant amount of [these] claimants in WAMCA proceedings are making use of services provided by third-party litigation funders.” He further states, “Injured parties and their representatives seem increasingly able to identify the resources they need to achieve access to justice and resolution of their claims, which is a positive development.”
You can read the full interview here.
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