Topic: Third-party funding

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

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

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