The advent of third-party litigation finance introduces a new gatekeeper to the legal process. Before deciding to lend money to a plaintiff, a litigation finance company will conduct at least some review and make an assessment of the quality of the case.Since litigation finance loans are...

The European Union's Directive on the Harmonization of the national warranty law directed interest to this particular legal institution. From an economic point of view warranties have different functions. In this paper warranties' main features, their role in adverse selection settings and as a...