Got Litigation Claims? Don’t Forget to Monetize!
It cannot be denied that this is a time of stress, uncertainty, and delays. The legal field feels this more acutely than other industries, and it’s already showing in how cases are conducted. We all have a choice: react to what happens, or try to get ahead of it through diligent planning. One key factor in said planning comes in the form of monetization.
Using Tech to Mitigate Court Closures
Much of a Legal Services’ professional’s day is spent communicating, negotiating, and networking with staffers and clients. Yet government restrictions put in place to slow the spread of Coronavirus are putting a damper on all of that. So the legal profession has gotten innovative in its quest to keep cases moving forward despite social isolation and distancing.
Litigation Finance Shows No Sign of Slowing Due to COVID-19
Litigation finance is a business model designed to flourish during tough times. When courts are slow, postponements are omnipresent, and everyone is tightening their belts—the litigation funding community is enjoying boom times.
Forbes Ventures Plc – Board Changes and Operational Update
Forbes Ventures announces that Kirk Kashefi and Igor Zjalic have resigned as Non-executive Directors of the Company with immediate effect. Additionally, Igor Zjalic has resigned as a director of Forbes’ subsidiary, Forbes Ventures Investment Management Limited. The resignations of Kirk and Igor are by mutual consent and follow Forbes’ announcement of 2 March 2020, which confirmed that the Company’s future strategy would focus on the securitisation of litigation funding assets, via the establishment of a Securitisation Cell Company (SCC) in Malta.
Leaders League Ranks Global Litigation Funders
Leaders League has been providing senior business leaders with relevant and timely information since 1996. In that time, they’ve managed to earn an international reputation as a leader in strategic information and media. Leaders League has now released its 2020 litigation funder rankings, segmented by geographic region.
Delta Capital Partners Announces Liquidity Solutions for Law Firms, Businesses and Individual Claimants
Chicago, IL, March 30, 2020 — Delta Capital Partners Management LLC (Delta), a private equity and advisory firm specializing in litigation and legal finance, today announced its ability to provide bespoke liquidity solutions to law firms, businesses, private investment funds, and individual claimants affected by recent macroeconomic developments, including those caused by the COVID-19 pandemic.
Funder Pursues Breach-of-Contract Suit for Unpaid Loan
A suit filed by litigation funder Series 5 – Virage Master, against Houston trial lawyer Vincent Howard may be a harbinger of things to come as the COVID-19 outbreak has led to court delays, meeting postponements, and an unwillingness to conduct remote depositions; all of which exacerbate financial burdens, especially for law smaller firms.
Litigation Funder Loses Share of $5.5M Settlement in Banksia Case
A missing blackberry, an unexpected death, and millions of dollars in the balance.
It may sound like a tense thriller coming to your local theatre—but this unusual situation involves a class-action lawsuit against Banksia securities. The sudden death of lawyer and litigation funder Mark Elliott, founder of AFPL (Australian Funding Partners Limited), has sparked a tug-of-war over a 30% stake in a $64MM settlement.
The Finer Points of Appeal Funding in the UK
In England and Wales, rules regarding costs and fees for appeals are pretty much the same as those for other civil cases. In general, the law says that the loser covers the legal fees and costs of the winners. But in the UK, courts do have wide discretion to settle disputes relating to costs. In fact, if an appeal is made in court—that court can determine who pays costs for the appeal—and also for the cost incurred in the lower courts.
Australian Government Rallies to Protect Insolvent Businesses
Australia is being extremely proactive when it comes to mitigating the impact of the Coronavirus outbreak. In addition to swift self-quarantine protocols and shutdowns, Australia has enacted the COVID-19 Response Act, which passed both houses of parliament.
