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Third-Party Funding

UK regulator closes Burford market manipulation probe

UK regulator closes Burford market manipulation probe

02 April 2020

The UK’s financial markets regulator has found no evidence of an alleged spoofing attack against third-party funder Burford Capital.

Rosneft subsidiary spared enforcement in Texas

Rosneft subsidiary spared enforcement in Texas

16 March 2020

A US court has ruled it has no jurisdiction to enforce a Stockholm Chamber of Commerce award worth more than US$200 million against a subsidiary of Russia’s Rosneft.

Law firm defeats suit over alleged non-disclosure to funder

Law firm defeats suit over alleged non-disclosure to funder

16 March 2020

The High Court in London has thrown out a lawsuit that accused solicitors of breaching a litigation funding agreement by failing to tell the funder about “pessimistic” views of their barristers as to the prospects of success of the enforcement action being funded.

Vannin staff halved following Fortress buyout

Vannin staff halved following Fortress buyout

12 November 2019

Two months after it acquired Vannin Capital, Fortress Investment Group has closed the third-party funder’s US and German offices and halved the number of staff as it pursues a change in direction.

Australian funder to merge with Dutch rival

Australian funder to merge with Dutch rival

Premium article - 16 October 2019

Sydney-listed IMF Bentham will merge with another disputes funder, Amsterdam-based Omni Bridgeway, to create a “truly global funder” with a capital of US$1.48 billion.

Burford sues to identify alleged market manipulators

Burford sues to identify alleged market manipulators

Premium article - 02 October 2019

Burford Capital has sued the London Stock Exchange in a bid to identify investors which the litigation and arbitration funder says illegally wiped £1.7 billion from its value.

Tips for those seeking third-party funding

Tips for those seeking third-party funding

Premium article - 19 August 2019

Charlie Lightfoot, chair of international arbitration at Jenner & Block, discusses recent developments in the third-party funding market and factors that parties should consider before entering into a funding arrangement.

Burford announces governance overhaul

Burford announces governance overhaul

Premium article - 16 August 2019

Embattled disputes funder Burford Capital is replacing its chairman and chief financial officer as it bows to investor pressure following an attack on its governance and accounting practices that led its share value to fall by 65% last week.

Burford fights back after hedge fund takes aim

Burford fights back after hedge fund takes aim

Premium article - 09 August 2019

Third-party funder Burford Capital has strongly denied accusations contained in a report by a US hedge fund that led to a 65% drop in its market capitalisation.

Peru hit with ICSID claim from electricity investor

Peru hit with ICSID claim from electricity investor

Premium article - 28 June 2019

Singaporean companies linked to a prominent Israeli businessman have lodged a third-party funded ICSID claim worth more than US$150 million against Peru concerning investments in the electricity sector.