PLA joins The European Litigation Funding Association (ELFA)
PLA, one of Spain’s leading litigation funders, has joined ELFA as a Member.
BRUSSELS, 7 June 2023: The European Litigation Funding Association (ELFA) is very pleased to welcome PLA, one of the leading litigation funders based in Spain, to ELFA, as the association now builds towards becoming the collective voice of the European Litigation Funding Industry.
Jesús Rodrigo Lavilla, CEO of PLA, expressed the importance of why the company had decided to join ELFA: “The establishment of an association such as ELFA shows the commitment and willingness of actors in the litigation funding industry to promote best practices, expand public knowledge, and represent and protect the interests of stakeholders. PLA is committed to promoting the highest standards and best practices for the litigation funding industry and helping to develop the legal and regulatory framework in Europe. To this end, it is essential that litigation funders based in Europe play an active role and be heard through the right platform, such as ELFA.”
Deminor Chief Investment Officer and ELFA Board Member, Charles Demoulin, explained the importance of gaining new members from Spain within the ELFA membership body: "We have witnessed a rapid evolution of the Spanish market over the last 12 months as law firms and companies increasingly turn to litigation funding as a flexible and strategic tool to finance their legal claims. It is with great pleasure that we now add PLA to our membership as we continue to build a strong collective voice for the industry across Europe. We are honoured to welcome Jesús Rodrigo Lavilla and the entire team to ELFA.”
About The European Litigation Funders Association
ELFA was founded by three leading litigation funders with a European footprint and today includes an increasing number of Europe’s most highly respected litigation funders. ELFA was established to serve as the European voice of the commercial litigation funding industry. The association has the objective of representing the industry’s interests before governmental bodies, international organisations, and professional associations. ELFA also aims to act as a clearing house and reference for relevant information, research and data regarding the uses and applications of commercial legal finance within the European continent. ELFA aims to be inclusive for all professional litigation funders of larger or smaller size and to allow specific contributing market participants and academics as associate members.
About PLA
PLA Litigation Funding, S.A. (PLA) is one of the leading litigation funders based in Spain. PLA invests worldwide in legal assets with Spanish or Portuguese connections. Its mission is to help companies optimise the value of their litigation and successfully resolve their complex disputes; to help establish the practice of litigation and arbitration funding in the European Union, and in particular in the Iberian market; and to achieve a good return for its institutional investors.
PLA’s majority shareholder is JB Capital, a leading Iberian financial services firm founded in 2008 by Javier Botín, its Chairman. Led by Jesús Rodrigo Lavilla, PLA has an experienced and reputable investment team with a long and successful track record of executing transactions relating to illiquid and complex legal assets. PLA maintains strong connections with the leading companies and law firms in the Iberian Peninsula, focusing on building long-term relationships based on trust and integrity.