Litigation Funding
At Tempest, we believe that financial constraints should never be a barrier to achieving a just legal outcome. Our litigation funding process is specifically designed to ensure that cases with merit are fully resourced to navigate the legal system with the highest probability of success.
If your legal claim is currently stalled due to prohibitive legal costs or the need for specialised professional guidance, contact us today. We can provide the capital and expertise required to confidently move your case forward.
Get in touch with us today.
Our Litigation Funding Process
1. Initial Submission: Initiate the process by contacting us with the details of the case for which you are seeking litigation funding.
2. Preliminary Assessment: We will acknowledge receipt of your application and begin our initial evaluation. During this phase, we may request additional information to better understand the merits of your claim.
3. Decision to Proceed: Following the preliminary assessment, we will advise you on whether we will decline the funding request or advance your application to the next stage.
4. Letter of Intent & Due Diligence: If your case advances, we will issue a Letter of Intent. This document outlines the proposed funding options, the terms for dividing any successful recoveries, and a specified due diligence period. This period allows us to conduct a comprehensive review of your claim and all supporting documentation.
5. Formal Funding Agreement: Upon the successful completion of our due diligence review, we will enter into a Formal Funding Agreement.
6. Ongoing Financial Support: We will fund all agreed-upon litigation costs throughout the duration of the legal proceedings.
7. Case Management Liaison: We maintain close communication with your legal team and other relevant parties to ensure the claim is being managed effectively and efficiently.
8. Disbursement of Recoveries: Upon a successful resolution, the recovered funds are distributed in strict accordance with our Formal Funding Agreement.
To ensure a strong partnership and a high likelihood of success, we evaluate all prospective funding applications against the following key criteria:
Claim Value: The estimated value of the dispute should fall between $200,000 and $2,000,000.
Defendant’s Financial Viability: There must be a reasonable prospect that the defendant possesses the assets or financial capacity required to satisfy a legal judgment or settlement sum.
Evidentiary Support: The claim must be substantiated by strong, verifiable documentation, correspondence, and material evidence.
Legal Merits: The proposed litigation must be firmly grounded in sound, established legal principles.
Client Approach: The plaintiff must demonstrate a pragmatic, commercially realistic attitude toward the litigation process and potential settlement outcomes.
Frequently Asked Questions
What happens if the claim is unsuccessful?
In the case that the claim is unsuccessful in court and we lose, there are no costs for you to pay. Tempest takes the risk.
no success = no fees
My claim doesn't meet the Funding Criteria
If your claim does not fall within our criteria, but you believe funding is the best option for yourself moving forward, contact us with the details of your claim and we will review it an get back to you.