Third party
High Court ruling “shows strength of Manolete model”
A High Court ruling refusing to set aside £4.3m judgment in default in a suppressed sales case shows the strength of the litigation funding model used by Manolete Partners, it has been argued.
Judge orders wife and mother-in-law to pay £12m costs bill
The High Court has ordered the wife and mother-in-law of a Kazakh businessman, the subject of a “very substantial fraud claim”, to pay the claimants’ costs bill of over £12m.
Litigation funder highlights lack of competition
The market of clients using litigation finance through choice rather than necessity – especially companies looking to offload their liability for portfolios of cases – remains “almost entirely unaddressed”.
Insolvency firm which funded litigation must pay third-party costs
A firm of insolvency practitioners which contributed almost £500,000 to fund a liquidator and former company’s claim against its directors has been ordered to pay the same amount in third-party costs.
Insolvency funder gobbles up new cases
Manolete Partners, the litigation funder specialising in insolvency, has invested in more cases in the first six months of its current financial year than in the whole of the previous 12 months.
Nine legal groups receive grants from Therium Access
Nine legal organisations – including the Child Poverty Action Group and Bar Human Rights Committee – have received grants from Therium Access, the not-for-profit funding initiative from the litigation financier.
Litigation funding agreements are not DBAs, tribunal rules
Agreements with third-party litigation funders are not damages-based agreements, the Competition Appeal Tribunal has ruled. It also supported the Association of Litigation Funders’ code of conduct.
Burford goes to court to force LSE to identify “manipulators”
Burford has launched proceedings against the London Stock Exchange to force it to reveal the identities of market “manipulators” who wiped almost £1.7bn off the value of its shares last month.
Eversheds scores big-ticket work with funding offer
Global firm Eversheds Sutherland has launched ‘Total Dispute Finance’ in a push that it says has already attracted high-value work from competitors.
Augusta raises another £93m as funding demand grows
Augusta, which claims to be the UK’s largest litigation and disputes funder by case volume, has unveiled its latest fund raising, bringing in $115m (£93m) from an unnamed US-based investment manager.
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Service by email – should the CPR be changed?
In 1971, a Ray Tomlinson, computer engineer, sent the very first email. This was a test message to himself, which he sent to a computer that was placed right next to the one he had used to send it.
