Through litigation funding with Spreefels, we enable consumers and businesses to pursue legal disputes without bearing the associated cost risks. As a specialised financial firm, we take on the financial burden of a lawsuit, covering legal fees, court costs, and other expenses. Litigation funding allows you to enforce your rights effectively without making significant upfront investments. This gives you access to proper legal defence and increases your chances of a successful claim.
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Litigation Funding in 3 Steps
Step 1: Application Review
We review your application free of charge and without obligation. During this process, we assess the chances of success in the legal dispute and evaluate the potential compensation amounts.
Step 2: Funding
After evaluating the chances of success, an agreement is made between the plaintiff and Spreefels. This agreement outlines which costs the company will cover and specifies the financial arrangement in the event of a successful outcome in the legal dispute.
Step 3: Litigation
Once the agreement is finalised, the legal proceedings can begin. Spreefels assumes the financial burdens, such as legal fees and court costs. The plaintiff can pursue the case without financial risk, gaining the opportunity to assert their rights effectively.
Settlement Administration: Key Services Provided
Planning and Setup
- Structuring payout mechanisms
- Developing processes to implement settlement terms
- Identifying eligible claimants and creating FAQs
- Building online claim portals and training call centres for efficient claimant inquiries
Execution and Delivery
- Handling claim administration with a streamlined, user-friendly digital platform
- Offering bilingual support and qualified claims analysts
- Managing the distribution of awards to valid claimants once the court gives final approval
Reporting and Security
- Providing interim and final reporting to the court and stakeholders
- Safeguarding personal data with the highest security standards