Unlike the Fund's existing Supplementary Reserve Facility and new Contingency Credit Line, access to the contagion facility would require an explicit finding by a qualified majority of creditor countries that the crisis was systemic.

ECONOMIST: Diminishing returns | The

The bottom line is that the contingency fee system already solves the one problem litigation financing addresses, and does so in a manner that avoids the worst excesses.

FORBES: IBM GC Says: Beware Of Lenders Offering To Finance Your Lawsuit

But while Honeywell claims that it has a "comprehensive contingency plan" if the merger fails, its share price weakens in line with speculation that the deal will be blocked.

BBC: Decision day for GE