Eli Karp – Litigation Lawyer Toronto
Eli Karp is a Toronto-based litigator whose practice is focused on corporate and civil litigation and the financial aspects of family law disputes. For more than 10 years, Eli has combined his substantial financial and corporate law knowledge with significant courtroom experience to regularly assist business owners, entrepreneurs, professionals, and other high-net-worth individuals with managing some of the largest legal risks threatening their continued success.
Aside from his practice at Financial Litigation Eli also acts as plaintiff’s counsel as part of a class action litigation boutique. In that role, Eli regularly acts for investors and consumers in litigation against banks, telecoms, and public companies, in securities and consumer class actions. Eli has recovered millions of dollars for his clients.
Eli is an exceptional advocate and has litigated disputes before the Superior Court of Justice, the Divisional Court, and the Court of Appeal for Ontario. He fights for his client’s rights and ensures that their financial interests are always protected.
As a business owner himself, Eli knows that unexpected legal or financial issues often arise after regular business hours. He works beyond the standard nine-to-five workday and is available to manage crises around the clock, even on holidays and weekends.
Eli aims to reduce his clients’ stress by providing calm calculated legal advice to assist his clients through their legal crises and calls himself “the crisis lawyer” for his unique ability to steer his clients through their legal confusion.
What is Alternative Dispute Resolution (Mediation or Arbitration)
Only a handful of legal disputes are resolved in the courtroom. Many disputes are resolved using other methods like mediation. Mediation is an alternative to traditional litigation and sometimes is used in conjunction with litigation to resolve many types of legal disputes. Mediation is a non-binding process generally conducted with a single mediator. The mediator does not judge the litigation case but facilitates discussion and resolution of the dispute between the parties involved.
Litigation can be expensive, stressful, and time-consuming. Mediation can be a successful alternative as the parties involved are in a non-biased environment where they can discuss their legal issues in hopes of coming to a resolution. Mediation is confidential, timely, and more cost-efficient.
While litigation has to be overseen by a judge or a jury and is bound by the limitations and regulations of the law, mediation allows for the parties involved to come up with creative resolutions to their legal dispute. The mediator may offer insights into the outcome of decisions, but they are not a decision-maker in the dispute and do not bias the dispute.
At the start of mediation, all parties involved in the dispute will sign a confidentiality agreement and the mediator will float between discussions to conduct negotiations between parties and deliver offers from one side to another.
When a final agreement is reached, a contract agreement is drafted and signed between all parties. The contract becomes binding and signifies the end of the dispute. However, if a final agreement is not reached, the mediation process failed and the legal dispute may have to proceed to court.
Is Arbitration Considered Litigation?
Arbitration is similar to litigation. It’s a binding form of dispute resolution and is one of the alternatives of litigation. The main difference between arbitration and litigation is that while a court of law is involved in a case of litigation, arbitration is a settlement between parties done outside of the court.
In addition, arbitrators have more leeway to make a decision and resolution that benefits both sides while litigators are bound by the laws of the country.
What is a Litigator- Is that the same as a Lawyer?
A litigator is another term used for a barrister or courtroom lawyer. On the other hand, a lawyer is a legal counsellor or representative for an individual and/or corporation that helps their client with legal disputes and issues. Lawyers can operate in many different areas of the legal industry. Lawyers can also be hired by companies and individuals in various industries to represent them in legal disputes, facilitate the negotiation and contract process, and more. For example, a tech company can hire a lawyer to draft a partnership contract or a services agreement.
A lawyer can specialize in specific areas such as family law, estates law, corporate law, and more. They take care of a variety of cases and provide legal advice and representation in the event of a divorce, accident, labour dispute, breach of contract, and more. While lawyers can represent clients in the courtroom, they can also offer advice on legal solutions or perform legal research and organize legal documents.
On the other hand, litigators are solely focused on the court process. Including arguing cases in the courtroom, arbitration, mediation, administrative tribunals, preparing for hearings, and more. Like lawyers, litigators can have different specialties. At Financial Litigation, we focus on lawsuits over money as opposed to lawsuits over other matters such as regulatory or criminal matters, or custody disputes. We have experience in bringing and defending cases for breach of contract, real estate litigation, mortgage litigation, partnership disputes, and family law cases over money such as property claims and claims for support.