Third party
High Court sidesteps Arkin cap: “Not an automatic rule”
The Arkin cap should not be applied automatically in all cases involving commercial litigation funders, the High Court has ruled in deciding that a funder should be fully liable for a successful party’s costs.
Burford raises £230m for new post-settlement fund
Burford Capital has raised nearly $300m (£230m) for a new fund aimed solely at post-settlement matters. The funding will be put to “monetising a claimant’s settlement and other associated legal receivables”.
Litigation funder harnesses AI to screen lower-value claims
A litigation funder launched this week is to use artificial intelligence to carry out a risk analysis of the small to medium-sized claims it intends to back.
Therium raises £325m as other funders grow international networks
Litigation funder Therium has raised record new backing of £325m as demand for finance continues to grow. We also round up other industry news, including funders opening offices in Israel and Canada.
“It’s gone bananas” – insolvency funder soars after listing
Insolvency litigation funder Manolete Partners plc has seen its share price more than double in just three months of being a public company, as interest in its offering has “gone bananas”.
Burford: We are the law’s investment bank
Third-party funder Burford Capital described itself today as “the legal profession’s investment bank” as it recorded a 24% increase in net profit after tax to $328m. It has also re-entered the ATE market.
Third-party funder launches £1m ‘access to justice fund’
Third-party funder Therium has launched a ground-breaking £1m fund to provide not-for-profit litigation funding in order to facilitate access to justice, supported by former Lord Chancellor Lord Falconer.
Strong maiden results for listed litigation funder
Australian litigation funder LCM – which listed in London late last year and brought a UK-based team on board – has announced strong half-year results. Its shares jumped 18% on the news.
Solicitors and funder line up behind £93m train fares action
Two law firms and a litigation funder have joined forces to bring a £93m opt-out collective action on behalf of “millions” of passengers who they say have paid twice for part of their train journeys around London.
Shareholder action funder to back £400m Petrofac claim
A specialist shareholder action funder is to back a £400m claim being prepared against oilfield service company Petrofac arising out of an alleged bribery scandal.
Blog
Courts as the instrument of fraud
Last month’s Supreme Court decision in Takhar considered the fundamental issue of the circumstances in which will the court permit itself to be an instrument of fraud.
