Topic: Third-party funding

Funding of SCC claim draws scrutiny in Lithuania

A deal agreed by the Lithuanian city of Vilnius to finance its €560 million SCC claim against France’s Veolia has shone a rare spotlight on arrangements for third-party funding of claims by public entities – as well as drawing scrutiny from a local anticorruption body.

10 March 2020

Vannin staff halved following Fortress buyout

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.

12 November 2019

Australian funder to merge with Dutch rival

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.

16 October 2019

Burford sues to identify alleged market manipulators

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.

02 October 2019

Tips for those seeking third-party funding

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.

19 August 2019

Burford announces governance overhaul

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.

16 August 2019

Canadian government hires from funder

Alexandra Dosman has left her position at third-party funder Vannin Capital to join Canada’s Trade Law Bureau as counsel in Ottawa.

15 August 2019

Burford fights back after hedge fund takes aim

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.

09 August 2019

Cadwalader hires from funder in London

Former Skadden lawyer Simon Walsh has joined the London office of US firm Cadwalader Wickersham & Taft after working for more than a year as a senior investment officer at a third-party funder.

25 July 2019

Peru hit with ICSID claim from electricity investor

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.

28 June 2019

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