The directive, adopted by the EU Commission on November 24th 2020, goes further into detail than the German Declaratory Action 2018 model. Companies are concerned a lawsuit industry is coming to Germany while consumer advocates welcome the new form of action hoping to gain a share of the profitable litigation industry.
Third party funding (TPF) of disputes is now an established financial product in many jurisdictions around the world, including in Europe and the US. The use of TPF has also been growing in the Middle East, especially since the start of the Covid-19 pandemic, with interest coming both from funders entering the market, as well as from claimants wishing to use external finance for their disputes.
As litigation finance continues to grow in international markets, the English Court of Appeal issued a judgment earlier this year sending a strong message that funders be well capitalised and transparent about their financial position. Alistair Croft discusses this recent case, as well as Omni Bridgeway’s stance on these matters as a listed company.
Please join us in welcoming our new Investment Manager, Anna-Maria Quinke! Based in Omni Bridgeway’s Cologne office, Anna-Maria adds significant value to the team, particularly in antitrust litigation – a key focus for the region.
With the threat of large NPLs (non-performing loans) looming in the face of an economic downturn, financial institutions can turn to dispute funding to alleviate the risk of, and retrieve value from, NPLs.
In Part 3 of our 3-part series focusing on the energy sector, our Omni Bridgeway team in EMEA, Oscar van Rossum du Chattel and Jonathan Siklos, provide thoughtful commentary about the impact of the pandemic and how litigation finance can help companies get through rough financial waters.
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.
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.
IMF Bentham Limited and Omni Bridgeway are excited to announce that IMF Bentham Limited and its subsidiary companies, including Bentham IMF, are adopting the unified global name of Omni Bridgeway, following a shareholder vote at the company's General Meeting on 14 February 2020.