A study on responsible private funding of litigation of the European Added Value Unit of the European Parliament was completed in February 2021.[1] The study discusses whether and why the European Union should act in the field of third-party litigation funding, and gives a comprehensive overview of third-party litigation funding in the European Union, by describing the main players on the European third-party litigation funding market and the EU legal framework.
[1] Responsible private funding of litigation European added value assessment. https://www.europarl.europa.eu/RegData/etudes/STUD/2021/662612/EPRS_STU(2021)662612_EN.pdf