Why do you charge an initial fee regardless of whether the request for funding is accepted?
In order to assess the possibility of providing the requested funding, an in-depth examination of the case is performed by top level professionals. This process requires certain costs, for which an initial payment is required. It should be noted that Libra's decision regarding the funding can assist the potential plaintiff, since even a negative answer provides an important indication with regards to the case's financial viability.
If we lose the claim, will we have to repay the costs to Libra?
No. Libra is solely responsible for the funding of the claim. Cost return and Libra's profits are dependent on funds awarded in your favor in a favorable judgement or settlement.
In which cases can I address Libra?
Libra offers funding for civil-commercial claims, both in the court and in arbitration, as long as the expected outcome is higher than NIS 5,000,000.
Does Libra represent us in court?
No. Should Libra approve the funding request, it does not represent the client in court. The client will be represented by an attorney of his choice. Libra can assist the client in his negotiation with the attorney.
Do I choose the attorney that will represent me in the case?
Yes. The plaintiff chooses his own attorney. As a prerequisite for funding, both the attorney and the legal fee agreement must be approved by Libra. Upon request, Libra will assist the client in locating a suitable attorney, as well as negotiating and drafting the best possible legal fee agreement.
In which countries will Libra fund legal proceedings?
Libra is prepared to examine and fund cases in any common law based jurisdiction.