A law firm, litigation funder, after-the-event provider and insurance broker have teamed up to launch a product to fund claims brought in the Intellectual Property and Enterprise Court.
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.
A law firm which closed down its personal injury department and passed on its client to another practice could not claim its fees at the end of her case because she had entered a new CFA.
A district judge failed to consider the risks that a claimant solicitor should have taken into account when entering into a CFA and so was wrong to award a 65% success fee, the High Court has ruled.
Australian third-party funder Litigation Capital Management Limited – which has taken over London funder Chancery Capital – made its bow on AIM yesterday.
Leading third-party funder Burford Capital has announced nearly $1bn (£790m) in new funding, which it will support with $633m of its own capital, to facilitate its investments for up to four years.
Solicitors will in future have to provide a bill or breakdown of costs when seeking payment of success fees and ATE premiums out of the damages of children or protected parties.
Litigation funder Vannin Capital has failed to obtain summary judgment of its £14m claim against RBS shareholders it backed who then successfully sued the bank.