Litigation Funding Application
Our litigation funding application form is available on our website. Our application process is administered by Acasta Europe Ltd. Therefore, the team working at Acasta will assess the legal merits of the case. This includes applications where the Claimant may already have secured ATE insurance from another insurer.
The Claimant’s solicitor should complete and submit the below litigation funding application form. We ask Claimant to ensure the form is submitted with as much complete information and documentation as possible. Therefore, we will be able to give a quicker decision on whether we can fund the case.
Litigation Funding Application Turnaround
We aim to give a in-principle decision within 3 business days. Therefore, we do not to waste anyone’s time and costs. Any case which is unlikely to pass any further due diligence requirements will be rejected.
If you are given a positive in-principle decision, you may need to provide further information. Additionally, we will also complete the due diligence process. If the information required is supplied in whole and swiftly, a formal offer can be made within 14 days.
We advise that issues may come up in this process. This therefore may result in a formal offer not being made. However, we advise applicants to highlight any adverse issues that may arise on the initial litigation funding application.
Draw Down Time
Once you have accepted a formal offer, the various standard transaction documentations will be prepared. After these are executed (usually within 3 days), monies can be drawn down immediately.