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.
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.
Dispute finance plays a valuable role in the community providing access to justice for those without the means to pursue complex and costly disputes. Omni Bridgeway Limited provides non-recourse finance and strategic know-how to claimants and group members in class actions, that enables them to seek redress without risk in the event of an unsuccessful outcome.
Global disputes funder Omni Bridgeway Limited welcomed the Supreme Court of New South Wales judgment in November 2019 in the Brisbane floods class action. The court found that the claim for negligence, brought by the class representative, against each of the State of Queensland, Queensland Bulk Water Supply Authority trading as Seqwater and Sunwater Limited, was proven.
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.
Class action brought in Australia by institutional and retail investors seeking damages caused by Treasury Wine Estates’ failure to disclose material information concerning excess inventory held by US distributors. Claim settled in 2017 for A$49m.
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.
Omni Bridgeway funded a class action representing more than 185,000 Australians in relation to the alleged unfair and unlawful charging of bank fees by some of the major banks in Australia.
Omni Bridgeway funded the Air Cargo cartel class action alleging that major international airlines engaged in price-fixing in relation to the provision of air freight services, for a period of approximately seven years from 1 January 2000.
Omni Bridgeway funded a shareholder class action against Centro Properties and Centro Retail (collectively, Centro) alleging that in the period August 2007 to February 2008, Centro breached obligations of continuous disclosure in relation to debt obligations.
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.
When an Asian Government Export Credit Agency, found itself unable to recover approximately JPY243 million owed to it by the Republic of the Philippines, it turned to Omni Bridgeway's enforcement and recovery team to devise and execute a recovery strategy that allowed for 100% recovery of monies owed via an installment payment plan.
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.
Omni Bridgeway helped a firm bring a qui tam case on behalf of a relator who was subjected to retaliatory actions taken by his former employer upon his revelation of the employer’s fraud.
