European Banking Federation and business groups renew call for proportionate EU rules on professional third-party litigation funding

The European Banking Federation and a cross-sector group of business associations published a joint statement urging the European Union to take proportionate, harmonised action to regulate professional third-party litigation funding, against the backdrop of ongoing EU discussions on civil justice reform. The statement frames the request as part of support for impartial, fair and balanced civil justice systems that enable effective enforcement of citizens’ rights while respecting defendants’ rights, judicial independence and the ethical integrity of courts. It also links a well-functioning justice system to EU competitiveness and investment attractiveness, and notes continued stakeholder interest in EU-level rules specifically targeting professional third-party litigation funding.