Tag Archives: Harbour
Harbour Survey Shows UK Lawyers Are Eager to Launch New Firms
The legal sector is undergoing a period of dynamic change, with litigation practices experiencing high demand for their services, despite the strain placed on firms’ budgets amid global economic instability. New research suggests that experienced legal practitioners in the UK are now seeing opportunities to grow outside of the traditional system of legacy firms….
Court of Appeal Rules in Favour of Harbour in Dispute With Panamanian Foundation
As is always the case in litigation funding, a victory in the courts is not truly a success until judgements can be enforced and financial returns collected. A recent ruling in the Court of Appeal reinforced this principle, as Harbour received a favorable ruling from the court confirming its right to priority in the repayment…
Harbour Funds Dual Lawsuits Against Google in the UK and Netherlands
As tech companies have grown in size and market power over the last two decades, many critics have accused these multinational corporates of abusing their near-monopolistic status. A new lawsuit being pursued in both the UK and EU jurisdictions is leveraging litigation funding to hold one of these tech giants to account, and restore the…
The Value of Litigation Funding for Insolvency Practitioners
With the economic climate uncertain and rising inflation taking a toll on markets around the world, industry insiders are keeping a careful eye on a related spike for insolvencies. As a result, insolvency practitioners are under pressure to finance their operations, and may need to turn to litigation funders in order to successfully recover assets….
The Rise of Worldwide Asset Freezing Injunctions
The notion of worldwide asset freezing is coming into play as a court approves Harbour Underwriting’s cross-undertaking insurance policy, one of only a handful in the history of global litigation. Given the unusual nature of the policy, many legal scholars expect worldwide cross-undertaking insurance policies to grow in demand as the litigation finance industry becomes…
The UK’s Rise of ‘No Win No Fee’ Payment Schemes
A poll of 200 law firm partners by third party investor Harbour reveals 90% are under pressure to cut costs and offer clients expanded billing agreements. The poll also shows that 80% of those surveyed are planning to employ no win no fee payment schemes, with 89% expected to engage litigation finance products as a…
Law firms eye up the IPO market
A survey of law firm partners commissioned by Harbour on post pandemic strategies revealed that:
- 31% of those surveyed said their firms are actively considering an IPO in the next 12-18 months
- 50% said the pandemic had presented new opportunities for their firm
- 80% felt their senior leadership team should embrace innovation to deliver growth
- Only 22% of respondents said their firms had ruled out credit facilities with third party funders over the next 12-18 month
Class Action Against British Telecommunications Gains Court Approval
The Competition Appeals Tribunal has granted permission for a class action against British Telecommunications to move forward. The action could be worth as much as GBP 600 million, and asserts rampant overcharging of landline customers. The action is being funded by third-party funder Harbour Litigation Funding.
Should Legal Funders Be Required to See Cases to Completion?
Claimants were shocked and upset recently when a settlement ended a class action lawsuit against James Hardie—leaving potential claimants without any compensation. One such claimant, Leslie Wheatley, stated that she and other claimants believed they had a strong case. Allegedly defective cladding systems caused their homes to leak, necessitating significant and expensive repairs.
Concern About Defendant Insolvency in Harbour-Funded New Zealand Class Action
Law firm Adina Thorn is bringing a class action – funded by Harbour Litigation Funding – on behalf of homeowners who experienced damage to their properties due to leaky cladding installed by the James Hardie multi-national conglomerate. The James Hardie parent company is based in Ireland, and attempting to exclude it and all international subsidiaries from liability, leaving the New Zealand subsidiary as the sole defendant. However, Thorn claims the New Zealand subsidiary is insolvent, and that the parent company should therefore be on the hook.
