Litigation Investment Safeguards and Transparency Act regulates litigation financing by foreign entities in Florida.
The Litigation Investment Safeguards and Transparency Act mandates that parties in legal proceedings involving foreign litigation financiers must disclose specific information to the court, all parties, the Department of Financial Services, and the Office of the Attorney General. This includes identifying the foreign person, foreign principal, or sovereign wealth fund involved and any entities owning or controlling more than 3% of the litigation financier.
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