Does Third-Party Funding Have a Future in the MENA Region?
The third-party funding industry is growing globally and third-party funders have been displaying increasing interest in the MENA region. Although not regulated in most MENA jurisdictions, the use of third-party funding is not specifically prohibited and is usually deemed permissible. However, the extent and success of its use in MENA will depend on local legal systems providing streamlined enforcement mechanisms and giving litigants and third-party funders confidence in their ability to enforce and collect on favorable decisions. On this front, most MENA jurisdictions are clearly on the right path.