Third party

Calunius: investors find German litigation market “attractive alternative to UK”

Mark Wells Calunius

The certainty provided Germany’s legal services market makes it a viable alternative to the UK as a location for big-ticket investors, according to Mark Wells, the managing partner of Calunius Capital. Meanwhile, AIM-listed Burford Capital has raised £175m through an oversubscribed issue of bonds.

May 22nd, 2017

Third-party funding “fuelling increase in litigation against top companies”

Bank

The number of major claims against the UK’s biggest companies continues to rise, with the growth of third-party litigation funders one of the reasons, it has been claimed. It comes amidst a flurry of activity around the world that is seeing litigation funding becoming more accepted.

May 18th, 2017

Burford unveils sharp increase in profits but warns over lack of ATE for big cases

Chris Bogart colour

Litigation funder Burford Capital has announced a 75% increase in net profits for 2016, taking the figure to $115m (£95m), while warning the government that the Jackson reforms had made it impossible to provide after-the-event (ATE) insurance for “large and complex” commercial cases.

March 14th, 2017

Essar funder builds on ruling with products to cope with unreasonable arbitral parties

Steven Friel

The third-party funder that was at the centre of the landmark High Court ruling that saw a claimant recover the cost of his funding, has now launched two products to aid parties involved in international arbitration against an opponent who is behaving unreasonably.

February 9th, 2017

Government brushes off peer’s call for statutory regulation of third-party funders

Lord Keen

There is currently no need to introduce statutory regulation of third-party litigation funders, the government said yesterday. Justice spokesman Lord Keen said there was no reason to move away from the voluntary scheme.

January 25th, 2017

All change: significant new appointments at MedCo, CEDR, NHSLA and Vannin Capital

Martin Heskins

A structural change at MedCo kicks off our round-up of a series of significant appointments in the world of litigation. Martin Heskins has been named as MedCo’s executive chair with responsibility for leadership and strategic direction.

January 17th, 2017

London firm secured third-party funding to bring first group action against VW – and on a DBA

Volkswagen logo

London law firm Harcus Sinclair – acting under a damages-based agreement and supported by Slater & Gordon – has secured third-party litigation funding to start the first group litigation arising from the Volkswagen emissions scandal.

January 9th, 2017

Hong Kong and Singapore embrace third-party funding for arbitration in battle with London

Singapore

Both Hong Kong and Singapore have moved to clarify the use of third-party funding in arbitration as the market continues to expand. A bill has been published in Hong Kong to clarify that third-party funding is not prohibited by the common law, while in Singapore arbitrators can now order the disclosure of the funding agreement.

January 9th, 2017

Burford spends $160m to acquire US competitor

Chris Bogart colour

Burford Capital, the world’s largest listed litigation funder, has today moved to consolidate its position by spending $160m (£126m) to buy its main competitor, US-based Gerchen Keller Capital. The deal both strengthens and diversifies Burford, as GKC is also an investment manager.

December 14th, 2016

Follow your leader – funders must pay for indemnity costs, says Court of Appeal

Leslie Perrin

Third-party funders should normally be liable for indemnity costs when they are awarded against funded claimants, the Court of Appeal has ruled in a decision that makes a clear statement placing litigation funding in the mainstream.

November 21st, 2016

Blog

Fixed recoverable costs: unfair and wrong in principle?

Alex Bagnall

Are fixed recoverable costs inevitable? On 11 November 2016 it was announced that Jackson LJ was to consult on the extension of fixed recoverable costs. That announcement was clear: those involved were to “look at options to extend fixed recoverable costs much more widely”; and to “develop proposals for extending the present fixed recoverable costs regime”. It was said that “the momentum is heavily for reform” and that the purpose of the review was to provide “opportunity for comments and submissions on the form and scope that reform should take”.

April 18th, 2017

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