Austrian Hub’s Conference on Third-Party Litigation Funding


On Friday, 10 December 2021, The ELI Austrian Hub organised a Conference on ´Third-Party Litigation Funding – A Necessity or Deterrence of Justice?’, focusing in particular on Directive (EU) 2020/1828 on representative actions for the protection of consumers’ collective interests (´Collective Redress´) and on the practical handling of the third-party litigation funding issue.

The Conference began with an introduction to Directive (EU) 2020/1828 by Susanne Augenhofer (Professor, University of Innsbruck and one of the ELI Austrian Hub´s Chairs).

Judith Resnik (Professor, Yale Law School) gave a keynote address on the ‘The Need for and the Challenges of Collective Redress’, in which she provided participants with exciting and informative insights on practice of third-party litigation funding in the USA.

Astrid Stadler (Professor, University of Konstanz) took a closer look at how Directive (EU) 2020/1828 addresses the issue in detail and Wolf H von Bernuth (Attorney, Hausfeld) and Alexander Klauser (Attorney, BKP) provided insightful contributions from practice, presenting the practical handling of third-party litigation funding from the perspectives of German and Austrian law respectively.

The Conference ended with a lively discussion, in which new solutions and approaches to third-party litigation funding in Europe were discussed with the participnats.