A litigation funding agreement is an agreement that provides for a non-party to finance a legal action on behalf of a litigant in return for a share of the proceeds of the action.
Before 2004, the validity of litigation funding agreements in South African law was anything but clear.
Jurisprudence was dominated by the historical English-law distaste for champerty (supporting someone elses litigation in exchange for a share in the proceeds) and maintenance (supporting someone elses litigation without any entitlement to a share in the proceeds), and by the Roman-Dutch principles governing pacta de quota litis.
The pre-2004 South African position, in summary, was that a litigation...
By DON DARE
6 On Your Side Consumer Investigator
KNOXVILLE (WATE) – Since most people carry several different credit cards with them, its easy to overspend when you are not handing over cash. As a result, many people find themselves in debt.
Yolanda in Knoxville writes: Tell me about these debt settlement services I see advertised. Are they a good choice?
You hear and see commercials on radio and TV from debt settlement companies wanting to help you dig out of debt.
While they may sound appealing, some for-profit companies may leave you worse off than when you started down your path toward being debt free.
New research from the center for responsible...
One Michigan program has some tips to protect even credit challenged owners from auto theft related crime
What We Know
Here at Auto Credit Express we spend much of our time helping car buyers with bad credit obtain car loans. But once these consumers take delivery of a vehicle, theyre faced with a new set of concerns, not the least of which is vehicle theft.
As law enforcement becomes more successful, and technology in newer vehicles improves, thieves are coming up with new ways to steal vehicles and target drivers, said Terri Miller, executive director of HEAT (Help Eliminate Auto Thefts). Drivers need to be aware of the evolving trends in auto theft and the ways they...
The housing market is hot, thanks to favorable interest rates and home prices that remain relatively low around much of the country.
According to the National Association of Realtors, pending home sales rose sharply in May, with lower mortgage rates and increased inventory pushing home sales upward in all four regions of the US
And as underwriters start to ease their standards–the secondary mortgage market is starting to come back for buyers with squeaky clean finances, according to John Barrentine, co-founder and CEO of RED Real Estate Group–industry experts are expecting the market to continue to make significant gains in the second half of the year.
Its no secret: the apparel retail industry is stretched at the seams. And shows no immediate sign of repair.
One need look no further than recent Chapter 11 filing of Forever 21-inspired teen-centric Love Culture for proof. Adding to the ranks of Dots LLC, Coldwater Creek, and Ashely Stewart apparel retailers that have all filed for Chapter 11 protection in the last year Love Culture represents a particularly difficult bankruptcy filing and one that serves as a warning for its apparel brethren.
To recap: last week, Love Culture, a fast fashion retailer boasting...
The Automotive and Financial Information Source for People with Special Credit Needs.
By Karen Brune Mathis, Managing Editor
Freedom Commerce Centre, whose owners are rebranding as Prominence, is actively seeking and adding tenants as it renovates the South Jacksonville business park.
In one of the larger attempts, the park bid on the Citizens Property Insurance Corp. lease for about 226,400 square feet of space, although Tallahassee-based Citizens is rebidding the deal.
In a smaller deal, but one involving a Jacksonville-based company, US Auto Credit is planning to lease most of the third floor of the Hamilton Building at 8375 Dix Ellis Trail.
US Auto Credit is a division of Jacksonville-based Scott-McRae Automotive Group. Scott-McRae is a private,...
LONDON (Reuters) – The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday.
First-time buyers accounted for 46 percent of all buyers between January and June, the highest proportion since 2000, with their number surging by 25 percent to an estimated 144,500, according to mortgage lender Halifax.
British finance minister George Osborne launched the Help to Buy mortgage guarantee scheme last year, saying he wanted to help would-be home-buyers who were unable to pay large deposits, in particular first-time...
The nationwide shift to EMV has begun.
EMV — which stands for Europay, MasterCard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.
In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, US card issuers are migrating to this new technology to protect consumers and reduce the costs of fraud.
These new and improved cards are being deployed to improve payment security, making it more difficult for fraudsters to successfully counterfeit cards, says Julie Conroy, research director for retail banking at Aite Group, a financial industry research...
This fact was most prevalent in first-time home buyers with about 76 percent of them agreeing that the mortgage process was too confusing for them.
The study also revealed that 48 percent, nearly half of the respondents, didnt know how much a mortgage would cost them if they chose to buy an expensive property. About 41 percent of the participants also said they had yet to determine their down payment.
Only a little over half, 51 percent, said they knew how much their monthly EMI would cost.
Cameron Findlay, chief economist at Discover Home Loans, explained that the industry is trying to make the mortgage process easier for home buyers so as to help them get acquainted...