It is considered that the third-party funding (TPF) first developed in Australia, initially to aide insolvency proceedings and subsequently for class actions before it was adopted by the international arbitration community. That said, one doesn’t have the exact documentary evidence whether third party funders were operating in ancient civilizations and in particular, Ancient Greece. One can very well imagine the type of claims the ancient Greeks would have sought to be funded.One thought that sprung to mind was whether Ancient Greek claims would have been funded by Profile Investment (Profile)? What would Profile’s reasons be behind the decision-making process?
The author Paulina Touroude is the head of Enforcement Risk and a senior member of our Legal Analysis team.
If you have any questions, please do not hesitate to get in touch with Paulina via email on email@example.com