Litigation Funding via ILO
Litigation finance has a new tech savvy way of doing business, with the emergence of Initial Litigation Offerings (ILO). So far, there has been only one group to gain notoriety employing an ILO. Weed vs. Hemp crop destruction is the controversial ILO investment subject. …
Stonward’s 2022 Litigation Finance Predictions
Stonward forecasts a bright future for litigation finance and third party investment opportunities for 2022. Cash flow is the heart of every successful enterprise, as such Stonward finds liquidity being an extremely attractive bonus for third party clients. …
Litigating Universal Cognitive Liberty
Freedom of thought is recognized by the Universal Declaration of Human Rights (UDHR). Interestingly,, cognitive liberty is not recognized as an international human right. Some want to change that, making the argument that humanity has the right to be free to think whatever they want (freedom of thought). …
Litigation Funding May See Boost from Rise in Commercial Cases
After a COVID-caused dearth of commercial cases, it’s beginning to look like disputes are on the rise. During a pandemic, it makes sense for companies to forego risky litigation in favor of conserving resources. In-house legal departments, however, are already reporting an increase in commercial cases that are only expected to grow….
LegalPay Partners with Jumbo Finance
FinTech startup LegalPay has recently formed a partnership with non-banking financial company, Jumbo Finance. The Delhi-based start-up focuses on litigation funding for insolvencies….
Can a Defunct Company Sue? Courts Respond with a Resounding “Maybe”
Pursuant to a case involving bid-rigging from some of the world’s largest banks in 2013, a 2019 dismissal affirmed a longstanding precedent in the United States: Dead people can’t sue. Generally speaking, this applies to defunct companies as well. In order to initiate a lawsuit, the person or entity must exist….
Recovering TPF Costs in Arbitrations: The Current Approach
Five years ago, Essar vs Norscot brought about a landmark decision. The English High Court upheld a ruling requiring that the defendant cover the claimant’s costs associated with legal funding in the arbitration. Now it appears that arbitral tribunals are increasingly likely to award costs associated with procuring third-party legal funding….
New ATE Premium Privacy Precedent
Precedent has been set by Kent v. Apple. on the merits of ATE premium privacy. The court ruled that Apple is not privy to ATE policy details, in that it may afford the company an unfair advantage to dispute the claim. …
Jack Dorsey to Launch Bitcoin Defense Fund
Jack Dorsey, founder and CEO of Block, Inc. (formerly, Square) announced plans to launch a Bitcoin legal defense fund. The proceeds from the fund will be used to support legal actions for open source developers in the cryptocurrency and blockchain communities. …
AxiaFunder Closes First Limited Partnership
AxiaFunder, the UK-based crowdfunding platform for litigation finance, announced a closing of its first $300,000 limited partnership case. AxiaFunder plans to have the details live on its platform over the next few weeks. …
