The international market for third-party funding is growing rapidly, driven by the increased use, cost, and complexity of international arbitration, together with increasing demands on arbitration parties and practitioners to manage the associated costs and risks and is gradually becoming more accepted in the Middle East and North Africa (MENA) region.
So much for the so-called ‘explosion’ in shareholder class actions backed by unscrupulous litigation funders. This claim, used liberally by sections of corporate Australia and their US big business allies to justify self-serving attacks on the litigation funding industry, was always based on dubious accounting. But now we have incontestable evidence that the ‘explosion’ is nothing more than a myth.
We discuss the recent UK decision in Laser Trust v Cfl Finance Ltd (2021) EWHC 1404 and how the distinction between a 'pure' vs 'professional' litigation funder played a role in the ultimate outcome of the case.
Innovation. Capital and risk management. Access to Justice. 35 years and counting. Thank you for allowing us to serve the legal and business communities with #litigationfinance for over three decades.
Omni Bridgeway celebrates its high ranking in the 2021 Chambers and Partners Litigation Support Guide and exceptional performance in Lawdragon’s 2021Global 100 Leaders in Legal Finance Guide, with 14 individuals recognised.
Know your options when pursuing litigation claims against a bankrupt defendant. In this Beyond Hourly podcast, learn how to obtain a successful outcome and how litigation finance can help maximize your recovery in this scenario.
Common law jurisdictions where third-party funding is in its nascent stage, such as Singapore, can look to jurisdictions with a more established third-party funding infrastructure, such as the U.K., to develop and refine its own regime. We engage in a comparative review of the development of litigation finance in the UK and Singapore and look ahead at how funding may continue to evolve there.
At present, Hong Kong lawyers are not permitted to charge legal fees based on the outcome of any proceedings. However, in some jurisdictions around the world, various forms of flexible financial solutions are permitted. As Hong Kong is a leading centre for arbitration and wishes to preserve and promote its competitiveness with other popular arbitral seats, the Law Reform Commission of Hong Kong (Commission) established a sub-committee to make recommendations regarding ‘Outcome Related Fee Structures’ (ORFS).
With a decade under our belt of operating in North America, we discuss our expansion in the region, how we’ve brought dispute funding services to claimants, firms, and companies, and predict what’s in store for the future of the litigation finance industry.
Don’t settle for less - litigation funding offers federal receivers the ability to receive a much larger recovery than under a contingent fee arrangement.
The Supreme Court of New Zealand has dismissed an application for leave to appeal an “unless” order striking out the proceedings unless the claimants’ provided security for costs by a certain date. The case was a multi-party action brought on behalf of some 3,600 investors in the failed carpet-maker, Feltex Carpets Ltd (Feltex). Despite the case being funded, the security was never provided and the Supreme Court’s refusal to grant leave has effectively brought the case to an end.
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.
Curious what criteria are considered when a company seeks litigation finance for its trade secrets matters? Our in-house trade secrets expert, Stephanie Southwick, shares insight into what funders look for as well as discusses the benefits of working with us.
Plaintiffs that suddenly find themselves with an insolvent defendant face new obstacles and costs in continuing to litigate their claim. Omni Bridgeway's Amy Geise and Deidre Carey Brown of ForsheyProstok offer insight into how litigation finance can help.
The ERA Pledge is committed to promoting gender diversity in arbitral proceedings and provides Pledge Corporate Guidelines for corporations who seek broader and a more gender-balanced arbitrator selection process.
In a webinar for the Association of Corporate Counsel (ACC) Australia, Omni Bridgeway Investment Manager Leanne Meyer chatted with our Head of Enforcement for Asia, Marjolein van den Bosch-Broeren, about the role a dispute funder plays in enforcing judgments and awards from unwilling or evasive debtors and early steps in-house counsel can take to safeguard collectability.
All signs point to the Western District of Texas as the next hot spot for U.S. patent litigation filings. For companies and claimants looking to pursue infringement claims, litigation funding can be utilized to help see their cases through trial.