Ohio SB10 revises regulations on non-recourse litigation funding agreements.

Ohio SB10 revises and supplements state regulations concerning non-recourse litigation funding agreements. The bill aims to protect due process rights by addressing risks posed by foreign actors. It prohibits consumer litigation funding companies from entering into agreements with non-domiciled entities or claims financed by such entities. The bill also restricts commercial litigation financiers from entering into agreements with non-domiciled entities or claims financed by such entities.

Ohio SB10 revises regulations on non-recourse litigation funding agreements.

Ohio SB10 revises and supplements state regulations concerning non-recourse litigation funding agreements. The bill aims to protect due process rights by addressing risks posed by foreign actors. It prohibits consumer litigation funding companies from entering into agreements with non-domiciled entities or claims financed by such entities. The bill also restricts commercial litigation financiers from entering into agreements with non-domiciled entities or claims financed by such entities.