It has often been observed that individual affected parties have limited possibilities to enforce their claims due to the complexity of the cases, the low amount of damages (in relation to litigation costs), and the often difficult-to-calculate cost risk.
Therefore, legitimate cases are often not pursued. The claimant thus completely waives their claims and suffers a significant financial disadvantage.
AdvoFin finances such legal proceedings and assumes the entire litigation risk. By bundling claims organizationally and, in some cases, factually, even smaller, individual claims can be pursued, which claimants would otherwise be unable or unwilling to pursue due to the high cost risk. AdvoFin covers all litigation costs and thus the entire financial risk.
In addition to financing and managing collective actions, AdvoFin also offers clients with a claim against third parties with a dispute value of EUR 1,000,000 or more the option of individual financing. All information on this can be found under “Financing Your Individual Claim”.
In addition to financing the proceedings, AdvoFin is involved in structuring the case together with the lawyer of your choice, who conducts the proceedings, and handles the administrative processing as well as ongoing client contact.
AdvoFin does not conduct proceedings itself, does not provide legal advice, and therefore always works independently and across law firms. AdvoFin’s independence excludes conflicts of interest. AdvoFin makes independent decisions on financing offers and is not influenced by powerful opponents or case constraints.