Listed third-party funder Litigation Capital Management has raised £107m for a new fund, which it said would “significantly” increase its ability to invest. Nine cases are already lined up.
The High Court has struck out claims brought against a City law firm that a litigation funder said did not pass on the “pessimistic views” expressed by counsel about a case it was backing.
A £150m opt-out collective action has been launched against five shipping companies whose cartel is alleged to have led to increased delivery costs for car buyers.
The former director-general of the Takeover Panel is to join the board of Burford Capital as the litigation funder defended the lack of turnover – and women – among its directors.
A law firm which stopped acting for a client after she refused to heed its advice to accept an offer to settle her case is entitled to recover the costs due from her under a CFA, the Court of Appeal has ruled.
The Arkin cap is not a binding rule and judges have the discretion to order commercial funders to pay more than they have spent on a case, the Court of Appeal has held in a landmark decision.
Membership of the Association of Litigation Funders is not enough reassurance that a funder will pay up in the face of a large liability for costs, the High Court has ruled.
Litigation funder Burford Capital made a record investment of $1.6bn (£1.2bn) in new cases last year, it said in a bullish trading update as it continues to work on clawing back its reputation.
The High Court has struck out a claim by a litigant-in-person who responded to the failure of an employment case by launching an “indiscriminate attack” against legal expenses insurers and regulators.
Sir Rupert Jackson has called for international rules on the use of third-party funding in international arbitration, part of what he termed a wider global lex mercatoria.