Class Action Representative Personally Liable for $1.7 Million Dollar Costs Award

The case was commenced by all Pet Valu franchisees alleging breach of contract and breach of the Arthur Wishart Act (Franchise Disclosure), 2000, amongst other complaints. This Class Action lasted a total of 7 years. The Class Action was led by a representative plaintiff who lead the litigation on behalf of all the franchisees. The … Continue reading Class Action Representative Personally Liable for $1.7 Million Dollar Costs Award

RSA Provides New Insurance Backing for Temple Legal Protection

Temple Legal Protection announced today they have signed a new five year contract for underwriting provision with RSA, one of the largest and strongest insurers in the UK. The arrangement facilitates the provision of a comprehensive range of legal expenses products with limits of up to £2.5M, backed by RSA. Temple Legal Protection is one … Continue reading RSA Provides New Insurance Backing for Temple Legal Protection

Litigation Funding Arrangements must be Disclosed Under Wisconsin Law

Wisconsin Gov. Scott Walker signed legislation last week that forces all third-party litigation funding deals to be disclosed. The deals must be reported even if no discovery request has been made. Burford Capital view this as an accidental outlier and predict a backlash from business. It is known as Wisconsin Act 235 and requires all litigants … Continue reading Litigation Funding Arrangements must be Disclosed Under Wisconsin Law

Is After The Event insurance adequate security for costs?

Is After The Event insurance adequate security for costs? A security for costs order is a common-law concept and usually sought by the defendants. It applies in jurisdictions that have cost shifting or fee shifting as it is otherwise known. This is where the losing party in the litigation must cover the others sides costs. … Continue reading Is After The Event insurance adequate security for costs?

Burford Claims $140M In Argentina Arbitration Win

Burford Claims $140M In Argentina Arbitration Win Burford Capital has announced a big win in their litigation funding efforts. The case was originally brought in 2008 on behalf of the airline Aerolíneas Argentinas who had become bankrupt. The final decision was handed down on Friday the 21st of July 2017. A three-person panel established at the … Continue reading Burford Claims $140M In Argentina Arbitration Win

The Advent of What Has Come to be Known as Divorce Funding.

Many readers may be familiar with Nicole Noonan and her company New Chapter Capital. Even more so recently after Therium announced they had acquired her company. Nicole spoke with Funding Litigation to tell us more about the industry and her journey. Divorce funding, as a concept was started in UK in the early 2000’s. As … Continue reading The Advent of What Has Come to be Known as Divorce Funding.

High Court Orders Security for Costs Against a Third-Party Funder In RBS Rights Issue Case

A security for costs issue has been granted against a commercial litigation funder in The RBS Rights Issue Litigation [2017] EWHC 1217 (Ch). Notably the costs order was granted against the professional funder and not against another third party who is not in litigation funding as a business. The rationale being their participation in the … Continue reading High Court Orders Security for Costs Against a Third-Party Funder In RBS Rights Issue Case

Burford Sells 15% of Their Interest In The Peterson Group Lawsuit For $66 Million Dollars

Burford Capital Ltd announced yesterday that they have  sold a further tranche of participation interests in possible future proceeds from its investment in the Petersen lawsuit. The Petersen lawsuit is a multi-billion dollar litigation against Argentina following its nationalisation of energy company YPF in 2012. Background Liquidators Petersen Group originally held a 25% stake in … Continue reading Burford Sells 15% of Their Interest In The Peterson Group Lawsuit For $66 Million Dollars