A recent paper prepared by Skadden Arps attorneys and released by the U.S. Chamber’s Institute for Legal Reform (“IRL”) highlighted the recent proliferation of third-party litigation funding (“TPLF”) and the potential national and economic security risks associated with this trend. The paper warns that the lack of safeguards in this area provides a clear path for foreign adversaries to infiltrate the American legal system, and suggests, among other potential solutions, amending the Foreign Agent Registration Act (“FARA”).
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