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.
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.
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.
We funded two whistleblowers who uncovered a fraudulent scheme so vast, with inter-relationships between the bad actors so extensive, that an entire supply chain was implicated.
Omni Bridgeway helped a private company uncover and prove fraud being conducted by vendors billing delivery fee overcharges to state and federal entities. The scheme masked profits made by the vendors and allowed them to take inflated deductions for the goods they sold.
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
