Tag Archives: third-party litigation funding

Stewarts to Speak at the Litigation Funding Conference

Stewarts will speak at the Litigation Funding Conference in London on October 2, 2017. Matthew Knowles, Partner at Stewarts, will speak on a panel covering international litigation. Matthew will draw on his experience as a user of third party funding while a senior in-house counsel, as well as his time as a Director of Litigation Funding at a leading third party funder.

Stewarts is the UK’s largest litigation-only law firm with more than 340 staff, including over 50 partners. The firm works with corporate and individual clients in high-value and complex disputes. It comprises some of the UK’s leading litigation lawyers and enjoys a reputation for innovative and ground-breaking litigation.

Read full article at http://lf2017.com/T/18.php

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Shepherd and Wedderburn LLP to Speak at the Litigation Funding Conference

Shepherd and Wedderburn LLP will speak at the Litigation Funding Conference in London on October 2, 2017. John MacKenzie, Partner at Shepherd and Wedderburn LLP, will speak on a panel covering attorney & corporate counsel experiences with litigation finance.

Shepherd and Wedderburn is a leading UK law firm. From offices in Edinburgh, Glasgow, Aberdeen and the City of London, the firm delivers comprehensive multi-jurisdictional legal advice across every business sector as well as offering the full range of private client and wealth management services.

Read full article at http://lf2017.com/T/17.php

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Redress Solutions to Speak at the Litigation Funding Conference

Redress Solutions wil speak at the Litigation Funding Conference in London on October 2, 2017. Marius Nasta, CEO at Redress, will speak on a panel covering litigation finance in the United Kingdom and the European Union.

Redress Solutions is one of the longest established and experienced litigation funders in the United Kingdom. Based in Mayfair, London, the business is a leading investor in litigation and arbitration claims both in and outside the UK and welcomes approaches from companies, partnerships, individuals, lawyers and accountants as well as insolvency practitioners.

Read full article at http://lf2017.com/T/13.php

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Managing the litigation costs

There is a wide range of factors that plays a role in managing the litigation costs and is discussed by experts. Funders spend a lot of time working out how much a case is worth from the beginning. The stress is put on the importance of a good budget for the claimant’s costs. It should be sensible and justifiable. Basically, the damages need to be ten times that of costs.

At present, there is a new factor that influences the litigation costs. That is challenging fees. Now even if clients have won the case, they are challenging lawyers at the end of it, employing no-win, no-fee businesses to obtain some kind of fee discount on the numbers their lawyers are entitled to receive.

Read full article at CDR-News.com

Summarized by Natalia Tsar.

Invicta Capital Funding to Speak at the Litigation Funding Conference

Invicta Capital Funding will speak at the Litigation Funding Conference in London on October 2, 2017. Christopher Deadman, Director of Operations at Invicta Capital Funding will speak on a panel covering litigation finance in the United Kingdom and the European Union.

Invicta is a UK third party funder specializing in the financing of small and medium sized business to business litigation. Invicta has been established with the needs of lawyers firmly in mind. Its application processes are specifically designed to minimize the traditionally significant time and cost implications associated with making applications for third party finance.

Read full article at http://lf2017.com/T/9.php

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Portfolio Litigation Financing

During the last ten years, third-party litigation funding has become an essential and profitable product for funders, investors, law firms, and clients. Eventually, the funding model has been changing. And now it looks extremely different from the model that was first introduced to the legal world. One of the signs of this evolution is the emergence of “portfolio financing”.

Portfolio litigation financing has recently been the defining trend in litigation funding. As there has been a shift away from single-case funding toward multiple-case, or “case portfolio”, funding. Portfolio financing is useful for parties who don’t need financial assistance, but seek to offset risk or cut their legal expenditure. This funding model has advantages such as diversifying risk, an even flow of profits and losses, and long-range stability with predictable returns.

Read full article at Lexology.com

Summarized by Natalia Tsar.

COOLEY, LLP to Speak at the Litigation Funding Conference

COOLEY, LLP will speak at the Litigation Funding Conference in London on October 2, 2017. Mark Deem, Partner at Cooley, LLP will speak on a panel covering attorney and corporate counsel experiences with litigation finance. Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law. Cooley has 900 lawyers across 12 offices in the United States, China and Europe.

Read full article at http://lf2017.com/T/16.php

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Third party arbitration funding

Use of third party funding for international arbitration is growing, especially in Hong Kong and Singapore where prohibitions against its use have been either relaxed or eliminated. As third party funding is to stay in international arbitration, principles for arbitrators, parties and lawyers to use in such proceedings have been introduced. The purpose of these proceedings is to develop consistency and more informed decision-making in issues relating to third party funding. It is common knowledge that third part funding of litigation generally, and in the international arbitration sphere in particular, is a field that changes extremely fast. Therefore, there is a risk that any fixed set of principles introduced to this field will quickly become outdated and obsolete.

Read full article at Out-Law.com

Summarized by Natalia Tsar.

Third-party arbitration funding in the Netherlands

Nowadays, the Netherlands has a developing third-party arbitration funding market. A lot of international funders are active on the Dutch market. Third-party funding is more typical in the Dutch court litigation funding. Funders are active in relation to cartel damages follow-on litigation, at the enforcement stage, in relation to both arbitral awards and court judgments. Funding respondents appear less common. Claimants use arbitration or litigation risk insurance as an alternative to third-party funding. The initial fees are covered by the claimant and, in case of a negative outcome, by the insurer.

Read full article at Lexology.com

Summarized by Natalia Tsar.

Third party litigation funding of class actions in Ontario

In Houle v. St. Jude Medical Inc., 2017 ONSC 5129, Bentham IMF Capital Inc., an Australian-based litigation financing firm, entered into a financing agreement with Mr. and Mrs. Houle. They are plaintiffs in a proposed class action alleging negligent manufacture and distribution of implantable cardiac defibrillators and failure to warn of rapid, premature battery depletion.

As for contingency fee, the later the stage at which the action is resolved, the larger the payout that Bentham would receive. Justice Perell reviewed existing case law. His Honour stated that third party funding agreements could be approved only if they were legal, fair and reasonable. However, the Bentham funding agreement failed some conditions that had to be satisfied in order for a court to approve a third-party funding agreement. It ran the risk of overcompensating Bentham and interfered with the lawyer-client relationship.

Read full article at SecuritiesLitigation.blog

Summarized by Natalia Tsar.