LitFin - Litigation Financiers

🔍 Online marketplaces under DSA: New rules, new responsibility European digital market regulation is tightening. The Digital Services Act (DSA) has introduced new obligations for online platforms with effect from February 2024, including stricter rules for removing illegal content and greater transparency. The DSA aims to set clear behavioural boundaries for online marketplaces, ensuring that consumers are better protected and that business practices in the digital market are fairer. Under the new provisions of the DSA, online marketplaces must ensure: ✅ Thoroughly check merchants (the "Know Your Business Customer" principle) - platforms must collect and verify key information about sellers. ✅ Effective reporting system for illegal content - obligation to respond quickly to reports of illegal offers. ✅ Sufficient information about the products and services offered - online marketplaces must ensure that consumers have clear information about the goods sold and their origin. ✅ Mechanism to compensate victims - consumers must be informed if they have bought an illegal or unsafe product and be able to seek redress. 🔹 Has your business or you as a consumer been harmed by a violation of these rules? As a leading litigation funding provider in the continental European market, LitFin is ready to play an active role in the digital marketplace and fund claims of businesses and consumers against online marketplaces that fail to meet their legal obligations. Contact us to find out how we can help you! #LitFin #DSA #OnlineMarketplace #LitigationFinance #ConsumerRights

📢 Landmark GDPR Ruling by German Federal Court of Justice (VI ZR 10/24) 🇩🇪⚖️ Towards the end of 2024, the German Federal Court of Justice issued a landmark decision (VI ZR 10/24) clarifying claims for non-material damages under Art. 82 #GDPR.    The decision confirms that a mere loss of control over #personaldata — without evidence of misuse — can be enough to claim compensation 💰. This strengthens the position of data subjects seeking damages for GDPR breaches.    The #BGH follows #ECJ case law, reaffirming that non-material damages under the GDPR do not require direct data misuse — a simple loss of control is sufficient to establish harm.    In the #Facebook scraping incident, the BGH suggested EUR 100 as appropriate compensation for data subjects experiencing a mere loss of control over their data. If a claimant argues that their psychological harm exceeds the inconvenience directly linked to this loss, the court of first instance may assess their case and determine whether a higher compensation amount is warranted.    The BGH decision brings much-needed clarity and predictability to #GDPR-related claims in #Germany. However, the relatively low suggested compensation may discourage individual claims, reinforcing the need for collective redress mechanisms and #litigationfunding to ensure effective enforcement of GDPR rights.    Looking ahead, we can expect:           📌 A rise in group litigation for GDPR violations.         📌 Further clarification from EU courts on how damages should be quantified.    This decision is a step forward in shaping #GDPR enforcement, ensuring that companies remain accountable for protecting personal data 🔐. For those impacted by #databreaches, strategic litigation and funding solutions may be key to achieving justice ⚖️.    #DataProtection #PrivacyRights #LegalUpdate #LitFin #CompetitionLaw #ClassAction 🚀  

Chance to join our growing Team at LitFin! At LitFin - Litigation Financiers, we’re not just expanding, we’re shaping the future of litigation finance. As a leader in the European market, we’re looking for passionate professionals to help us revolutionize the industry. We're currently hiring for these key roles: 💎 Project Lead 💎 General Manager 💎 Internal Lawyer 💎 Part-time admin roles (French/German language required) 👉 If you believe your skills and passion align with our mission, we wanna hear from you! The chance to work with us is not just about joining our company - it’s about being part of an innovative, high-impact team at the forefront of one of the rapidly growing industries. ✨ With us, you’ll excel in a fast-paced environment with many challenges, an opportunity to grow alongside a market leader, and you’ll have the chance to make a real impact. 📣 Ready for a change? Let's talk! 📩 Contact us at hr@litfin.cz #Hiring #CareerOpportunities #LitFin #JoinOurTeam #LitigationFinance #MarketLeader

🇩🇪 Alle Augen auf LitFin! 👀 We are thrilled to share that Laura de la Motte's recent article in Handelsblatt (see link below), Germany's leading business newspaper, recognizes LitFin - Litigation Financiers as the largest European litigation financier, confirming our long-standing commitment to providing the best service in the field. 🇪🇺 Besides that, the piece also highlights the opportunities to invest in the litigation finance sector in Germany and the EU, mentioning LitFin SICAV, a regulated investment fund that we launched together with WOOD & Company last year. 💶 We are honored by this #acknowledgment and remain committed to reinforcing our leadership in the industry in the years ahead. Our deepest gratitude to Laura for this feature! 🙌 A link to the article: https://bit.ly/4gwwk7T #LitFin #litigation #financiers #Germany #EU #investments

⚖️ Another victory in the Art Recovery Case! ✌ In a major legal victory for our client, Uthman Khatib, the Tribunal Judiciaire de Paris has ruled that 135 Russian avant-garde paintings—worth over €200 million—seized by French authorities include works Mr. Khatib is seeking to recover in German litigation against Mozes Frisch. 🇫🇷 This ongoing high-profile case, funded by LitFin - Litigation Financiers and led by Dentons in Deutschland, involves an international battle over hundreds of paintings that were allegedly stolen by Mr. Frisch. 🖼️ The Paris court’s key findings: ✅ Mr. Khatib has a valid claim over artworks allegedly appropriated by Mr. Frisch. ✅ The court questioned Ms. Amar’s ownership claim, given her silence during the German criminal investigation. ✅ Evidence suggests the provenance of the paintings was falsified. The case continues and the seized paintings will remain in the custody of a Paris court bailiff while the Frankfurt courts rule on the fate of hundreds more. Many thanks to Litigation Finance Insider and Dina Kovacevic for sharing this! 🙏 #LitFin #LitigationFunding #ArtLaw #Justice #Dentons #RussianAvantGarde #AssetRecovery #LitigationFinanceInsider

We're #hiring a new Internal Lawyer in Prague, Prague. Apply today or share this post with your network.

We're #hiring a new Investment Fund Project Manager in Prague. Apply today or share this post with your network.

We're #hiring a new Project Manager in Prague, Prague. Apply today or share this post with your network.

🇫🇷 En français: Nous sommes heureux de partager que L'AGEFI mis en avant #LitFin dans un récent article sur le financement de litiges, un secteur dynamique et en pleine expansion. 🙌   Dans cette #interview, notre Directeur France-Benelux, Juraj Siska, a présenté son analyse sur la manière dont le financement de #litiges transforme l'accès à la justice. Il a également partagé ses réflexions sur l'évolution du cadre réglementaire au sein de l'Union européenne. Alors que le débat sur le plafonnement des marges des fonds se poursuit, LitFin soutient fermement une plus grande transparence et une gouvernance renforcée pour instaurer la confiance dans ce secteur. Juraj a par ailleurs souligné : « En plus des clients traditionnels, tels que les structures représentant des plaignants dans des actions collectives ou les PME confrontées à des difficultés de trésorerie, le financement de litiges attire de plus en plus d'entreprises disposant de ressources financières mais choisissant d'investir ces moyens dans leur cœur de métier. » ⚖️   Chez LitFin - Litigation Financiers, nous sommes fiers d’être un #partenaire de confiance en France et en Europe, en offrant des solutions de financement innovantes permettant aux entreprises, aux PME et aux organisations de défendre leurs droits. En prenant en charge l'intégralité des coûts des litiges et en assumant les risques, nous rendons la justice accessible et abordable, permettant ainsi à nos clients de se concentrer sur ce qu’ils font de mieux. 🇬🇧 In English: We are delighted to share that L'AGEFI featured #LitFin in a recent article discussing the dynamic and growing field of litigation funding. 🙌 Our France-Benelux Director, Juraj Siska, shared his insights on how #litigation funding is transforming access to justice. In the #interview, Juraj also shared thoughts on the evolving regulatory landscape in the EU. While the debate around capping fund margins continues, LitFin strongly supports greater transparency and governance to build trust in the industry. Furthermore, Juraj highlighted: "In addition to traditional clients, such as structures representing plaintiffs in group actions or SMEs facing cash flow challenges, litigation funding is increasingly attracting companies with means but who prefer to invest their resources into their core business." ⚖️ At LitFin - Litigation Financiers, we take pride in being a trusted #partner in France and across Europe, offering innovative financing solutions to help companies, SMEs, and organizations pursue their legal rights. By covering all litigation costs and taking on the risks, we make justice accessible and affordable, enabling our clients to focus on what they do best. Original article: https://lnkd.in/gtHnH7dQ

We're #hiring a new Project Lead in Prague, Prague. Apply today or share this post with your network.