As commercial litigation grows in popularity, the issue of security for costs looms large. Recently, the Court of Appeals, via Rowe et al vs Ingenious Media Holdings plc et al set a precedent about providing a cross-undertaking in damages when seeking security for costs.
The following article is part of an ongoing column titled ‘Investor Insights.’
Brought to you by Ed Truant, founder and content manager of Slingshot Capital, ‘Investor Insights’ will provide thoughtful and engaging perspectives on all aspects of investing in litigation finance.
Londoners like Chief Executive Andrew Bailey are staunch adherents to the adage ‘Keep Calm and Carry On.’ With that in mind, onlookers were stunned at the outburst that occurred during Bailey’s recent appearance in front of the Treasury Select Committee. There to answer questions regarding Dame Elizabeth Gloster’s report, Bailey ended up lambasting the performance of the Financial Conduct Authority.
Neil Purslow didn’t intend to become an investment manager when he entered the legal world. Before long, however, he began a love affair with commercial litigation. This led to Purslow developing a broad knowledge base that included mastering the intricacies of the corporate and commercial fields.
This past Thursday, LFJ hosted a digital conference that featured insights from various institutional investors active in the litigation funding sector. The panel – moderated by Ed Truant (ET) of Slingshot Capital – consisted of Jonathan Rix (JR), Senior Associate at UK-based PE firm Partners Capital, Kendra Corbett (KC), Principal on the Investment team of independent asset manager Cloverlay, and David Demeter (DD), Investment Director of Davidson College’s $1Bn endowment fund.
The event also featured a keynote address from Charles Agee, founder of Westfleet Advisors, a litigation funding advisory firm. Charles discussed the key findings of his 2020 Litigation Finance Market Report–the most holistic industry survey on the market.
Omni Bridgeway is poised to grow its services for German clients. With that in mind, the firm has added Anna-Maria Quinke to its team. Quinke is an anti-trust litigation specialist who will now serve as Senior Legal Counsel as well as an Investment Manager.
New investment fund Sandfield Capital has launched this week to tackle an increasingly challenging area of litigation that remains poorly served by the market. Steven D’Ambrosio, a former Finance Director at Close Brothers Premium Finance, has conceived and built a number of highly-successful ventures in the financial and legal sectors and remains extremely passionate about creating and tailoring funding solutions. Now, with Sandfield Capital, he hopes to enable real change in the sector for the good of those struggling to engage with legal services.
The following article was contributed by Eric Schuller, President of the Alliance for Responsible Consumer Legal Funding (ARC).
The classification of Consumer Legal Funding as a loan is more than mere semantics. Consumer Legal Funding is the purchase of an asset; that being a portion of the proceeds of the consumer’s legal claim. This form of investment allows the consumer to access much needed support in order to obtain the financial assistance they need while their claim is making its way through the system.
You may ask yourself, so why does this matter?
