Clifford Chance
ADGM Litigation Funding Rules
22 July 2019
On 16 April 2019, the Litigation Funding Rules (the "Rules") of the Abu Dhabi Global Markets Courts ("ADGM Courts") came into effect. The Rules were issued by the Chief Justice of the ADGM Courts pursuant to Article 225 of the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015 (the "Regulations").
The Rules are the first in the MENA region to provide a comprehensive framework for third party litigation funding, regulating both funders and litigation funding agreements ("LFA") related to proceedings before the ADGM Courts.
