Every good law student, and indeed litigation funder, knows that it is a maxim of English law that if there is a conflict between the common law and equity, equity will prevail. The judicial approach to litigation funding has largely been shaped by the motivations of those parties who either have funded cases or have been the beneficiaries of such funding.
The Parliamentary inquiry into litigation funding and class actions announced earlier this year seeks to ensure fair and equitable outcomes for claimants and group members. As a pioneer of the industry and largest funder in Australia, Omni Bridgeway fully supports these aims. Part of our business is to provide finance and access to justice to claimants and group members in class actions who lack the resources to pursue complex and costly disputes.
A pair of recent legal developments involving the United Arab Emirates should significantly enhance the ability of parties seeking to enforce judgments from this important Middle Eastern business hub.
The claimants in the ‘Alucobond’ cladding class action had a significant victory in court last week. The claimants, which include the bodies corporate of residential apartment buildings plus local councils, are bringing the product liability class action against the manufacturers of ‘Alucobond’ PE core cladding products, being the German company, 3A Composites GmbH and the Australian company, Halifax Vogel Group Pty Ltd. The action has been brought in the Federal Court of Australia under consumer protection laws.
In the second of this two-part series in The State Bar of California's 'Big News for Solo and Small Firms,' L.A. Investment Manager David Gallagher discusses common ethical issues raised by practitioners over the use of litigation funding.
Winning a case may represent just the first step in a long, difficult battle to recover the proceeds. Omni Bridgeway assists clients in Asia by leveraging deep local knowledge, global resources, and decades of enforcement expertise.
Omni Bridgeway Limited welcomes the proposal outlined by the Federal Government today to require all litigation funders operating in Australia to hold an Australian Financial Services Licence (AFSL) and to conduct class actions in compliance with the managed investment scheme (MIS) regime.
In-house teams are increasingly being asked to do more with less. Dispute finance can provide a pathway to help them achieve their companies’ financial goals while pursuing highly meritorious claims and substantially mitigating risk.
The Supreme Court of Canada recognized Omni Bridgeway’s litigation funding arrangement as ‘fair and reasonable’ in a landmark decision for the litigation finance industry in Canada. We delve into the details of the Court’s written opinion on our blog.
In New Zealand, dispute finance is becoming a more regular feature of the legal landscape. Leading global funder, Omni Bridgeway, recently announced it is expanding its footprint into New Zealand, where the company is already active in several actions.
Omni Bridgeway is pleased to have 22 of our global team recognised as thought leaders in the inaugural edition of WWL: Thought Leaders – Third Party Funding 2020 published by Who’s Who Legal.
Capital adequacy matters. When faced with economic uncertainty and pending litigation, firms need a disputes financier they can rely on. Omni Bridgeway’s sizeable and stable investment funds can help.
Drawing from its expert team, its foundational position in the Canadian market, and its 30+ years of global funding experience, Omni Bridgeway has created a comprehensive and user-friendly guide to the legal and practical issues in a rapidly growing industry in Canada.
We are pleased to announce top recognition by Leaders League in the “Litigation Funders” category, with rankings of ‘leading’ in the fields of litigation and arbitration in the United States and Europe as well as for ‘excellence’ in litigation and arbitration in the UK.
The commercial litigation finance industry has entered its fifth year of having an on-the-ground presence in Canada, with Omni Bridgeway (formerly known as Bentham IMF) having been the first funder to establish Canadian operations when it opened a Toronto office in January 2016
In the current environment, businesses affected by mandatory closures, as well as their lawyers, may face constraints on cash and difficult decisions. Dispute finance options may be part of the solution for businesses seeking to relieve pressure on legal budgets and manage cash flow. We thought a quick overview of dispute finance might be useful for those looking for new strategies.
