LawyerPress interviews our Senior Director, Carolina Bayo, to talk about Legal Finance in Spain.
During the interview, Carolina explains why Spain is an attractive country for Litigation Funders, how Legal Finance is regulated, and how Stonward operates and works.
“Spain is an attractive market for litigation funders for two reasons: a friendly regulatory framework and a country with very interesting legal assets,” explains Carolina. She also highlighted the importance of banishing some myths regarding this practice, such as the idea that “Legal Finance is an option only for insolvent claimants. Many times, a company is solvent and chooses not to empty its coffers in procedures that can last years to invest those funds in its business or face expenses that can generate benefits in the near future. The important thing is to have a legal case with solid legal merits.”