LexFinance announced a favorable partial award in a US$ 28 billion arbitration against Brazil and for the benefit of Petrobras.
Phi Finney McDonald launches in London
Phi Finney McDonald, a specialist collective action law firm, are launching an office in London. With offices currently in Melbourne and Sydney, Australia, Phi Finney McDonald has an unparalleled reputation for driving competition and innovation in the Australian class action and litigation funding markets. Its repeat clients include some of the largest and most influential pension schemes, private investors, sovereign wealth funds, and investment platforms across the Asia Pacific, North America and Europe.
Oasis Financial Proudly Supports the Truth Hope & Justice Foundation
On November 20, 2020, Oasis Financial became a proud supporter of the Truth Hope & Justice Initiative, a social justice movement designed to mobilize and support mothers from across the country who have lost loved ones to police violence. Oasis Financial is one of the nation’s largest providers of pre-settlement and medical funding, which helps plaintiffs in a lawsuit recover physical and financially from an injury that wasn’t their fault.
Litigation Finance Specialization: Focus on Public Sector Entities
The following article is part of an ongoing column titled ‘Investor Insights.’
Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance.
Insolvency 2020: Takeaways from Burford Capital Webcast
Legal finance products may seem daunting to those who lack experience with them. However, understanding the negotiation, documentation, and disclosure processes can be as simple as listening to the experts.
Investment Review 2020: Yieldstreet
Yieldstreet is touted as a Financial Tech company that leverages the power of the internet to make a unique contribution to investment. Its focus on alternative investments includes placements in Litigation Finance, marine vessel acquisition, deconstruction, and real estate, among others. The overall impression is that Yieldstreet can provide excellent returns with alternative investments, though their fees are higher than one might expect.
Banker Accused of Illegally Sharing Confidential Files with Russian Oligarch’s Ex
Ross Henderson, formerly at Goldman Sachs, has been accused of handing over confidential financial documents to Tatiana Akhmedova, the former wife of a Russian oligarch, and her litigation funders: Burford Capital. He is now facing a criminal investigation led by the Swiss police.
Potential Conflicts of Interest in Litigation Funding
Conflicts of interest are a concern if law firms find themselves entwined with litigation funders, according to one former president of the Irish Law Society. The potential exists for lawyers to feel torn between third-party funders and the clients they are sworn to serve. This is especially true in the UK, where funders and lawyers become “close.”
Chris Young, General Counsel for Omni Bridgeway, Talks Risk
What’s the key to success in a field beset by risk? According to Omni Bridgeway General Counsel Chris Young, it’s patience. He explains that litigation is highly speculative, and each case requires multiple layers of investigation and research. Omni Bridgeway is a firm that invests rather than lends funds to litigants—because they only see a payout when the funded case is successful.
COVID Related Class Actions—How to Prepare
As the coming tide of COVID-related class action suits looms, many countries are adapting and growing the legal processes by which these cases are governed. The US and Canada have seen filings for class actions skyrocket, with Australia, Germany, the UK and China all expected to follow suit. And where there are class actions, there are litigation funders.
