Litigation funding has been around for a long time, and the face of it is changing. Where it was once seen as a distress purchase, for businesses without the necessary capital to fund costly litigation procedures, it is now being utilised by financially healthy organisations, who would rather avoid risk, choosing instead to use their capital elsewhere.
According to the FCA, more than 25,000 sales are in the process of being assessed by the banks and the first letters offering compensation have been sent out. The FCA expects most customers will be informed of the result of their review and of any possible basic redress (the repayment of the sums paid by the customer under the 'swap') by the end of the year.
Belgian chocolate is renowned around the world for its high quality and skill. However, its brand does not actually benefit from EU protected status, and so any producer importing potentially inferior chocolates into the EU can use the word 'Belgian', even if the product is made thousands of miles away.