Having exhausted all avenues to enforce a favorable Award and recover monies owed by a parastatal of the Republic of Uzbekistan an exasperated Turkish construction company turned to Omni Bridgeway to devise and execute a recovery plan.
Our clients invested in the development of an oil pipeline in a Eurasian State. Following a dispute between them and the State, they sought arbitration in the International Centre for Settlement of Investment Disputes (ICSID) and were awarded two Awards totaling US$100 million to be paid by the State.
We are funding a large public pension fund in an opt-out securities litigation, pending in Quebec, regarding alleged price gouging and fictitious accounting.
We are financing a claim by Canadian start-up Paycase Global Corp against TMX Group, which operates the Toronto Stock Exchange, for terminating a deal to create cryptocurrency-related products and services.
We are financing World Media Holdings s.a.l., a Lebanon-based movie theatre developer and operator in its claim against IMAX Corporation, a global entertainment giant, to pursue damages for more than CAD$140.5 million.
We funded a claim by Birbilis Bros Pty Ltd against Chubb Fire and Security relating to the re-engagement of a fire sprinkler system which resulted in water damage to two machines used by Birbilis.
We are currently funding a Canadian dispute related to the intellectual property and licensing of pipeline technology in the oil and gas sector in Canada and the US.
More than 5000 'Mums and Dads' investors placed their savings into the SEAS Sapfor forestry scheme in South Australia. The scheme was administered by companies that became part of the Gunns group, with Australian Executor Trustees (SA) Ltd (a subsidiary of the listed IOOF Group) acting as security trustee.
We are funding (with funding participation by another entity) a class action on behalf of around 6,500 people seeking compensation for financial loss or damage caused by the negligent operation of the Wivenhoe and Somerset dams in the lead up to and during the January 2011 flood in Brisbane, Queensland.
Class action in Australia by shareholders against leading medical device company alleging misleading statements and non-disclosures related to earnings and dose sales growth, and that CEO engaged in inappropriate share trading activities, causing loss and damage to shareholders. Claim settled for A$40 million in August 2019.
In February 2020, Omni Bridgeway announced a A$212.5m conditional settlement in three long running Federal Court class actions we funded against the Commonwealth Department of Defence in Australia.
We provided finance for professional negligence claims against Ernst & Young, auditors of Orient Power Holdings Ltd, an entity listed on the Hong Kong stock exchange.
In Canada, we are funding an action by an insolvent debtor, Bluberi, against its main lender, who it alleges acted in a predatory way in order to cause Bluberi’s demise.
On a confidential basis, we provided finance for US$200m professional negligence claims against an auditor relating to the collapse of a substantial listed gold and jewellery business.
We are funding a portfolio of international arbitration proceedings in London and Singapore, arising out of contractual disputes between a media and entertainment company and two of its customers, which are large telecommunications companies.
We are funding one of the first funded international arbitrations in Hong Kong since the Special Administration Region amended its Arbitration Ordinance (Cap. 609) to permit third party funding (effective February 2019).
Working with a leading public international law firm in London, Omni Bridgeway successfully funded confidential international arbitration proceedings brought by a corporate SME against an African state for breach of contract relating to an energy project.
We are funding international dispute resolution in Singapore International Arbitration Centre (SIAC) against an Asian state-owned entity following a failed M&A transaction (corporate acquisition) in the energy sector.
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.
