Third party

Shareholder action funder to back £400m Petrofac claim

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.

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Australian funder hits town as Manolete unveils strong results

Australian third-party funder Litigation Capital Management Limited – which has taken over London funder Chancery Capital – made its bow on AIM yesterday.

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Burford unveils $1bn investment from sovereign wealth fund

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.

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High Court rejects funder’s bid for “mini-trial” of £14m claim

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.

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Litigation funder to list next week with £76m market cap

Insolvency litigation funder Manolete is to raise £16.3m when it is admitted to AIM next week, it has announced. The selling shareholders will realise a further £13.1m.

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Australian funder to list in UK as Woodsford sees cash boost

An Australian third-party litigation funder is to join London’s AIM market in a bid to grow its business, it has announced. Meanwhile, Woodsford Litigation Funding has announced extra backing.

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Chris Bogart colour

Enthusiasm for third-party funding continues to grow, says survey

There is strong growth in the consideration and use of litigation finance in the UK, new research has found, with 63% of respondents saying their organisation’s use of it has increased in the last two years.

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Aviva Will Burford

Burford creates £38m fund to back litigation run by women

Top third-party funder Burford Capital has earmarked $50m (£38m) to finance cases led by women lawyers as part of a groundbreaking initiative designed to help close the gender gap in law by providing an “economic incentive for change”.

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