Third party

ALF membership “not enough” to guarantee funder will pay

11 February 2020

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.

Record year of investment for Burford

5 February 2020

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.

Jackson calls for international third-party funding rules

16 January 2020

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.

CAT gives truck buyers green light to pursue costs

8 January 2020

The claimants in the truck cartel litigation have received the green light to move forward without delay to an assessment of the costs of a preliminary hearing given the two sides’ contrasting financial resources.

Burford eyes US listing after shareholder action ends

7 January 2020

A shareholder action against Burford Capital has been discontinued as it heads for a second listing in the US, the litigation funder announced today.

High Court ruling “shows strength of Manolete model”

5 December 2019

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

3 December 2019

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

28 November 2019

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

22 November 2019

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

21 November 2019

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.

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