RHA secures Therium funding for claimants in £3.9bn trucks cartel class action

RHA secures Therium funding for claimants in £3.9bn trucks cartel class action

The Road Haulage Association (RHA) has secured full funding from Therium Capital for its £3.9bn competition damages class action against truck manufacturers fined the highest-ever sum for a price-fixing cartel, as it seeks more UK claimants to join the case.

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‘Our business has evolved’: Burford Capital income rises by 60% as demand for litigation finance grows

‘Our business has evolved’: Burford Capital income rises by 60% as demand for litigation finance grows

Litigation finance outfit Burford Capital has seen its turnover soar 59% to $163.4m in a year which saw the financer aggressively expand with a US merger. Profit after tax was also up 75% to $115m, while the listed company now manages $2.3bn for legal finance. Continue reading “‘Our business has evolved’: Burford Capital income rises by 60% as demand for litigation finance grows”

CC criticised for conflict issues in Excalibur case as COA finds claimants liable for costs

CC criticised for conflict issues in Excalibur case as COA finds claimants liable for costs

The high-profile Excalibur dispute continues to haunt Clifford Chance (CC) as London’s Court of Appeal has handed down a critical ruling, saying the Magic Circle firm had an ‘an acute conflict of interest’ on the case.

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Litigation funding: Levelling the playing field

Litigation funding: Levelling the playing field

Kobre & Kim’s Robert Henoch and Michael Ng discuss third-party financing.

Outward-facing Israeli companies often find themselves facing off against larger, deep-pocketed adversaries, such as joint venture partners, investors, distributors, customers, licensees, or those who have infringed on their intellectual property (IP) rights. When this happens, well-financed opponents can leverage the threatened expenses of the legal process in their home countries to destroy the rights of smaller Israeli companies. Third-party litigation funding offers a potential solution for Israeli companies to vindicate their legal rights under such circumstances.

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The bigger short – third party funding bets on new markets and models

The bigger short – third party funding bets on new markets and models

Historically confined to David vs Goliath claims, a new band of dispute funders are pushing the model into new frontiers. How far can they go?

Hedge fund methodology – the process of using hard numbers to make statistical predictions – is not part of a dispute lawyer’s traditional armoury. Yet the same kind of financial calculation used by banks and asset managers is not just creeping into the disputes market, but threatening to have a significant impact on it.

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