old summary explanation, page-22

Agree that litigation funding should be shopped out for the best deal but I think that a funding line will be needed.

I would not like a situation where there was a known, fixed pool of funds to run the case and it was quietly bled to death by ANZ's legals.

The beauty of litigation funding is that it is, in theory anyway, limitless and so the likelihood of it going through to a judicial ruling is greater.

Counter-intuitively, this gives rise to a greater chance of an early settlement in such cases where the respondent knows they are toast.

Funding means ANZ and ML and can't use their vast resources to litigate people to death, and leave them with nothing. It is better for them to settle cases they think they might lose.