What odd times we live in. The Guardian reported on Saturday that hedge fund managers are now betting on the outcome of high worth ancillary relief cases by funding the litigation costs of one party in return for a largeish chunk of the prize.
Given that this is the type of arrangement which springs up where traditional sources of funding are unavailable because of the unpredictability of a return on investment, this tells us something about the lack of legal certainty available to litigants in this area of law.
Still, its a problem most of us will never have. For most of us legal certainty means the sure knowledge that our fortune is so small it is scarcely worth the legal fees. I wish my spouse or I were wealthy enough for hedge funds to be interested in taking a punt on one of us should we ever fall out. You’ll excuse me for being such poor company – I’m still getting over the disappointment of having had four numbers in Saturday’s draw only to find that my other half had read out the numbers for Wednesday’s draw. Does that count as grounds for divorce? Can I run it as conduct? Anyone fancy my chances?