Category Archives: Case Developments
Delaware District Judge Rules in Favour of Woodsford Subsidiary in Dispute with Hosie Rice
High Court Judge Rules that Anonymous Funder’s Identity is Relevant in Webster v HMRC
The issue of disclosure in regards to litigation funding has been most associated, in recent years, with patent infringement litigation in the United States, as defendants and judges have probed the nature of the financiers backing lawsuits. However, an ongoing case in the High Court has brought this issue to light in a very different…
$18 Million Settlement Agreed in Merivale Underpayment Class Action
Ontario Court Approves Funding Arrangements in Class Actions Targeting Canadian Banks
Within North America, it is the US market which sees the majority of activity when it comes to funded litigation. However, north of the border, there are still viable opportunities for funders to engage with, as has been demonstrated by an Ontario court’s decision to approve the funding agreements in a number of class actions…
South American Countries File Briefs in Support of Argentina’s Appeal of $16 Billion Judgment
Whilst most of the conversation about the $16 billion judgement in the YPF Argentina case has focused on attempts by Burford Capital to collect on the award, this does not mean that the Argentine government has simply given up on continuing its fight against the judgment. In what is perhaps the most significant geopolitical development…
Burford Capital Exploring Argentina’s Currency Swap Line with China to Satisfy $16 Billion Judgement
Ever since the landmark $16 billion judgement in the Argentina YPF case, the majority of commentary and discussion has focused on just one question: will it be possible to enforce a judgement of this size? With Burford Capital having previously pressured the court to begin the asset seizure process, it now appears the funder is…
Burford Capital and Sysco File Objections to Judge’s Denial of Substitution of Plaintiff
As LFJ reported earlier this month, the story of Burford Capital and Sysco’s antitrust lawsuits experienced a new development, with a Minnesota judge denying their joint motions for substitution of plaintiff. As was expected at the time, both the litigation funder and its client have now filed objections and asked the Court to set aside…
Silver Bull Provides Update on Its Arbitration Claim Against Mexico
Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) provides an update on progress with its international arbitration claim against the United Mexican States (“Mexico”).
Lansdowne Appoints Lawyers, Continues Search for Funding in ECT Claim Against Ireland
The energy sector is often pinpointed by funders as one of the top targets for investments in litigation and arbitration proceedings, with mechanisms like the Energy Charter Treaty (ECT) creating high value claims that require outside financing. One such claim being brought by an oil and gas company appears to be moving forward, with the…
NSW Supreme Court Rules Funder’s Commission is Not Recoverable as Damages
At the core of any litigation funding arrangement is the principle that if the funded party reaches a successful outcome, then the funder will receive a return on their investment out of whatever monetary award is given to the plaintiff. However, a recent judgement in Australia offered an interesting insight into a case where the…