01/21/2026 | Press release | Distributed by Public on 01/22/2026 08:28
JOINT STATEMENT
Renewed Call for Proportionate EU-level Action on Professional Third-Party Litigation Funding (TPLF) - Joint Statement by a Cross-sector Group of Business Association
Brussels, 21 January 2026 - The European Banking Federation and other associations are strongly committed to impartial, fair and balanced civil justice systems that enable effective enforcement of citizens' rights while fully respecting the rights of defendants and preserving judicial independence and the ethical integrity of the courts. A well-functioning justice system is a cornerstone of the EU's competitiveness and its attractiveness as a location for investment.
Against the background of recent EU-level discussions on civil justice reform, our organisations want to reiterate that there is continued stakeholder interest in proportionate, harmonised EU rules to regulate professional third-party litigation funding.