ALF membership “not enough” to guarantee funder will pay
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
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
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
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
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”
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”.
