Tag Archives: Burford Capital
Burford Takes Minority Stake in PCB Litigation
Burford Capital has hit some speed bumps this year. Recently, the High Court rejected Burford’s attempt to force the London Stock Exchange to hand over trading information in their ongoing dispute with Muddy Waters. Just before that, a 15% drop in income was announced. Yet Burford remains the world’s largest litigation funder, and has now signed a deal with London firm PCB Litigation, giving the it a 32% stake in the firm.
The Power of GCs to Improve Equity
Despite improved awareness, the issue of gender inequity in law has not been satisfactorily addressed. It’s difficult to say precisely where the problem lies. What we do know is that General Counsel can be doing more to close the gender gap.
British Court Provides Litigation Funding Endorsement in Russian Oligarch Divorce Dispute
When it comes to Litigation Finance, the industry has often been met with suspicion. But is that suspicion deserved? Proponents of litigation funding were heartened by this week’s decision in English court surrounding the dispute between widow Tatiana Akhmedov and her late-husband’s son, Farkhad Akhmedova.
Is Pharma IP a Viable Asset?
The current trends of litigation related to intellectual property in Pharma indicate an increase in both cost and risk. Does that mean Pharma cases are a bad investment? One might think so, given how complex patents can be, or the increased risk inherent to Pharma regulations. Even successful cases might later be overturned.
Litigation Finance is a Bridge Between Client and Law Firm
The legal field experienced record-setting business in 2019. Alas, this year much has changed. Despite many firms seeing a large influx of cases and inquiries, financial tensions loom. COVID-19 has led to worry, late payments, furloughs, court delays, and even outright insolvency for some.
Burford Capital Equity Project: Closing the Gender Gap in the Legal Field
It’s a stressful time for legal professionals right now. Court delays, financial pressure, the inconveniences of remote working, and a huge influx of cases is keeping firms on their toes. One might be tempted to set aside projects that seem less time-sensitive, like diversity initiatives. But in reality, the time to focus on diversity is now.
Is There Room for Improvement in Origination Credit?
Origination credit is a long-standing practice at many law firms—especially older, more established ones. Some say, however, that the very idea is outdated and holds back growth and diversity. It behooves clients to understand how origination credits work at the firm of your choice and to consider whether their method comports with your own idea of fairness.
No Appeal Planned by Burford Capital in Muddy Waters Case
A recent UK High Court decision denied Burford Capital’s application to receive data from the London Stock Exchange. This is the latest court decision involving an alleged market manipulation by Muddy Waters in August of last year when Burford shares lost roughly half their value in a single day. Burford announced last week that they did not intend to appeal the court’s ruling.
Burford Client Runs Afoul of Champerty Claim in Russian Oligarch Divorce
The contentious divorce of Putin ally Farkhad Akhmedov and his wife, Tatiana, has produced escalating divorce proceedings for nearly two decades. Lawyers for each party have asserted multiple claims of previous divorces that can’t be corroborated, requests for personal emails between father and son, and now—an accusation of champerty regarding Burford Capital’s funding of Tatiana Akhmedova. Technically, the backing of claims by third-party funders in exchange for profit has been illegal in Russia since feudal times.
Shareholders Show Strong Support for Burford Dual Listing
Burford Capital continues its plan to pursue a US listing on the NYSE. The prominent litigation funder has been working on this dual listing for some time–at the behest of its shareholders. Because UK and US regulations are different, amended articles have been proposed. Without shareholder acceptance of these, Burford would be unable to move forward with its plan for a dual listing.
