Regulation 2

In these Regulations, unless the context otherwise requires —“company” means a company in liquidation or judicial management, as the case may be;“funder” means a person who agrees to fund all or part of the costs of a relevant action pursuant to a Funding Agreement;“Funding Agreement” means a contract or an agreement by a company, being a party or potential party to a relevant action, with a funder for the funding of all or part of the costs of the relevant action in return for a share or other interest in the proceeds or potential proceeds of the relevant action to which the company may become entitled;“relevant action” means any action arising under section 224, 225, 228, 238, 239 or 240 of the Act;“relevant insolvency practitioner” means an individual who is appointed to act as a liquidator or a judicial manager of a company under the Act;“Third-Party Funder” means a person who carries on the business of funding all or part of the costs of dispute resolution proceedings to which the person is not a party.