The High Court has rejected a judicial review that argued the Ministry of Justice failed to carry out an adequate review of the impact of the LASPO reforms on those with asbestos-related diseases.
The ban on conditional fee agreements in family cases should not be read across to third-party litigation funding, the High Court has ruled.
The litigation funding arm of City law firm Rosenblatt has made its move into insolvency work with a pledge to undercut existing pricing structures and take on market leader Manolete Partners.
Shares in Manolete Partners – the listed insolvency litigation funder – have tumbled by 20% in the wake of an attack on the firm on an investing website. The company hit back today.
A damages-based agreement was not unenforceable because it obliged the client to pay incurred costs and expenses when she exercised her contractual right of termination, the High Court has ruled.
AIM-listed insolvency litigation funder Manolete Partners continues to scale up rapidly, with turnover and profit both jumping significantly on the back of more than doubling the number of claims it has invested in.
A third-party funder has lost out on $15m (£12m) after the High Court ruled that its entitlement came out of damages after a deduction for contributory negligence was made, rather than before.
The High Court has dismissed as irrelevant objections to leading insolvency funder Manolete Partners buying assignment of a claim, but then only awarded 2.5% of the £7m sought.