Topic: Third-party funding

Burford buys stake in UK law firm

Burford Capital has bought a stake in a London disputes boutique, as part of a “first of its kind” transaction that will see the funder finance a portfolio of the firm’s cases.

24 June 2020

Uruguay telecoms fight shifts to new front

A US company’s bid to revive a US$65 million claim against Uruguay has been discontinued at ICSID, but the claimant’s owner has threatened the state with a new treaty claim.

17 June 2020

Burford loses London Stock Exchange trading data lawsuit

Litigation financing fund Burford Capital has lost its attempt to force the London Stock Exchange to hand over information that it says could prove it was the victim of market manipulation.

18 May 2020

Hedge fund takes second swipe at Burford

Third-party funder Burford Capital has been accused of manipulating its 2019 financial results in a second report by US hedge fund Muddy Waters.

12 May 2020

Egypt liable over jailing of businessman

A Finnish businessman has been awarded US$115 million in a third party funded treaty claim against Egypt over the loss of his iron and steel business and his imprisonment – as the state applies to a Dutch court to set the award aside.

24 April 2020

UK regulator closes Burford market manipulation probe

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

02 April 2020

Rosneft subsidiary spared enforcement in Texas

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.

16 March 2020

Law firm defeats suit over alleged non-disclosure to funder

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.

16 March 2020

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

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