Litigation funding
Financing of construction litigation in the areas of liability for defects, warranty law and warranties.
Financing of construction litigation
bauhelp! takes over in the area of construction law (liability for defects, warranty law and warranties) and, in an extended sense, also for the areas of consequences to health from construction damage claims and construction defect litigation financing. In legal terms, the claims are handled by independent law firms.
According to confederation law, the litigation funding includes, significantly, "the assumption of costs of active legal disputes in return for participation in the damages". This can emerge from two central features. On the one hand, in the context of litigation funding, the litigation costs are completely assumed independent of the result.
The litigation funder undertakes to assume all litigation costs, which the plaintiff would otherwise pay or settle during the interim. Also associated with this:
- court costs
- attorneys’ fees
- legal representation costs
The second feature is that costs are only owed if the plaintiff’s case is successful.
The precondition for litigation funding is therefore a monetary claim, demonstrating a minimum disputed amount and fair chances of success, and which is made against a solvent counter-party.
Please get in contact with us if you are interested in this service. We check and analyse every case individually and will provide you with a quotation suitable for the possible, specific outcomes.
