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
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
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
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 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
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
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
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
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
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
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