Argentina Files Petition for Writ of Certiorari in Burford-Backed Claim
Argentina has filed a petition for a writ of certiorari, requesting that the United States Supreme Court take up their claim of national sovereignty. A lower court and court of appeals already found that national sovereignty does not apply to Argentina’s nationalization of oil and gas giant YPF, since the move was ‘commercial in nature.’…
Omni Bridgeway and IFC Partnering on Distressed Asset Recovery in the MENA region.
Omni Bridgeway and the International Finance Corporation (IFC), part of the World Bank Group, have jointly made available $100 million to establish a new investment vehicle, which will be managed by Omni Bridgeway’s regional expertise center in Dubai. The investment partnership between Omni Bridgeway and IFC is aimed at distressed asset recovery and dispute resolution funding in the Middle East, North Africa and Central Asia regions.
Edwin Coe Searches for Businesses to Join UK Truck Cartel Claim
UK law firm Edwin Coe is on the hunt for any business who leased or purchased a truck in the UK from 1997-2012. Those are the years that the six major truck makers are alleged to have formed a price-fixing cartel, whereby they overcharged as much as £10,000 per truck sold. Edwin Coe is representing a…
Meet the Company Introducing Institutional Investors to Litigation Funders
When Brian Bartow, general counsel for the California State Teachers’ Retirement System (CalSTRS), was looking to take action against Volkswagen for losses his pension plan suffered in the wake of the VW emissions scandal (which sunk the stock by more than 50%), he struggled with pursuing a shareholder class action against a foreign-born entity. That’s when…
Unlock’d Sells Technology to Wesfarmers, as Company Continues to Seek Litigation Funding for Google Lawsuit
Unlock’d, the failed technology startup suing Google for ruining its business, just sold its technology rights to Australian conglomerate Wesfarmers for $1.3 million. The sale buys Unlock’d some much-needed breathing room as the startup’s founder Matt Berriman pursues litigation funding in his bid to file a claim against Google….
Dubai Court Dismisses Attempt to Seize Superyacht in Burford-Backed Russian Oligarch Divorce Settlement
Burford Capital is assisting Tatianna Akhmedova in her efforts to enforce the £453 million divorce settlement she was granted by a London court against her ex-husband, Russian billionaire Farkhad Akhmedov. Part of that enforcement effort involves the seizure of ‘Luna,’ the super yacht once owned by Roman Abramovich and now docked in Dubai’s Prince Rashid…
Trio of Bentham Canada Cases Contributes to Canadian Precedent on Litigation Funding
Bentham Canada, a subsidiary of IMF Bentham – one of the first global funders to enter the Canadian market with an office in Toronto – has contributed to Canadian case law on litigation funding via participation in three recent decisions….
CFOs Are Starting to Look at Legal Claims as Assets
Historically, GCs have been issued tight budget constraints, and within those constraints have been granted autonomy as to the claims they pursue. Yet those days are numbered, as more and more companies are looking to shift their legal departments from cost containment centers into profit centers. That means that CFOs are now getting much cozier…
Adero Law Will Intervene in Casual Worker Claim
Australian mining firm WorkPac is alleged to have mis-classified thousands of workers as ‘casuals,’ which resulted in the company denying them full-time pay and benefits. Adero Law – an Australian class action firm – is bringing four separate class action claims against WorkPac totaling $320 million. Now Adero has announced its participation in the case of former…
ADGM Courts issue Public Consultation on Litigation Funding Rules
Abu Dhabi, UAE : ADGM Courts, the internationally recognised independent courts of ADGM, have issued a consultation paper inviting comments from the industry and the public on the proposed litigation funding rules (“Rules”) which are to apply to litigation funding agreements as defined in the ADGM Courts, Civil Evidence, Judgments, Enforcement and Judicial Appointments Regulations 2015. The proposed Rules will set out the highest standards of best practice in litigation funding for Abu Dhabi and wider UAE.
