champerty


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cham·per·ty

 (chăm′pər-tē)
n. pl. cham·per·ties
A sharing in the proceeds of a lawsuit by an outside party who has funded or assisted in funding the litigation.
[Middle English champartie, from Old French champart, the lord's share of the tenant's crop, from Medieval Latin campars, campīpars : Latin campī, genitive of campus, field; see campus + Latin pars, part; see part.]
cham′per·tous (-təs) adj.

champerty

(ˈtʃæmpətɪ)
n, pl -ties
(Law) law (formerly) an illegal bargain between a party to litigation and an outsider whereby the latter agrees to pay for the action and thereby share in any proceeds recovered. See also maintenance
[C14: from Anglo-French champartie, from Old French champart share of produce, from champ field + part share (a feudal lord's)]
ˈchampertous adj

cham•per•ty

(ˈtʃæm pər ti)

n.
a sharing in the proceeds of litigation in return for helping to prosecute or defend a case.
[1300–50; Middle English champartie <champart < Middle French: share of the produce (=champ field (see camp1) + part share, part)]
cham′per•tous, adj.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.champerty - an unethical agreement between an attorney and client that the attorney would sue and pay the costs of the client's suit in return for a portion of the damages awarded; "soliciting personal injury cases may constitute champerty"
actus reus, wrongful conduct, misconduct, wrongdoing - activity that transgresses moral or civil law; "he denied any wrongdoing"
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"
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References in periodicals archive ?
The first set of amendments is made to both our Arbitration Ordinance and our Mediation Ordinance, and which clarifies that third-party funding for arbitration and mediation is not prohibited by the common law doctrines of maintenance and champerty.
Hong Kong : Welcome speech by Secretary for Justice at seminar on "Legal Risk Management: Key to International Trade and Investment"
In addition to RICO, Feld also asserted claims under the Virginia Conspiracy Act and for common law abuse of process, malicious prosecution, maintenance, and champerty.
Retaliatory RICO and the puzzle of fraudulent claiming
11 (outlawing practice of champerty during the reign of King Edward I); 32 Hen.
Detecting good public policy rationales for the American rule: a response to the ill-conceived calls for "loser pays" rules
8 (e) is the result of the common law rules against champerty and maintenance.
Proposed advisory ethics opinions revised and adopted by the professional ethics committee
Recent work includes acting for the wife in financial and divorce proceedings, which involved issues of champerty and wasted costs.
Overview of the North leading individuals
Champerty, Maintenance, and the Rise of the Contingent Fee Model
Of conflicts and corporations: analyzing corporate forms for future litigation finance firms
As a longstanding element of English common law, the doctrine of champerty forbids the acquisition of a debt solely for the purpose of bringing a lawsuit to collect the debt.
The virtue of vultures: distressed debt investors in the sovereign debt market
another," (38) and champerty, which involves "a bargain to
Financing the class: strengthening the class action through third-party investment
Thankfully, third party funding is no longer illegal - prohibitions on champerty and maintenance have fallen away in most US states.
With America's poor record on civil justice, shouldn't we encourage litigation finance?
Thankfully, third party funding is no longer illegal -- prohibitions on champerty and maintenance have fallen away in most US states.
With America's poor record on civil justice, shouldn't we encourage litigation finance?
208) But after-purchasers of stock are not "strangers" to the dispute as under the old doctrines of champerty or maintenance, in that the purchase of shares "necessarily gives the acquirer an equitable interest in the underlying corporation.
Appraisal arbitrage and the future of public company M&A
Whereas the judicial, legislative, and scholarly treatment of litigation finance has regarded litigation finance first and foremost as a form of champerty and sought to regulate it through rules of legal professional responsibility (hereinafter, the "legal ethics paradigm"), this Article suggests that the problems created by litigation finance are all facets of the classic problems created by "the separation of ownership and control" that have been a focus of business law since the advent of the corporate form.
Incorporating legal claims

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