HOUSTON, April 28, 2020 /PRNewswire-PRWeb/ -- Lex Mundi, in conjunction with members of the Lex Mundi Litigation, Arbitration and Dispute Resolution Group, has published the first-of-its kind interactive guide - Lex Mundi Global Attorney-Client Privilege Guide. This one-of-a kind guide allows users to compare common and civil law attorney-client privilege information for more than 65 jurisdictions around the world -- all in a side-by-side customized report.

Attorney-client privilege differs significantly between states and countries and also between common and civil law jurisdictions. Some civil law jurisdictions do not recognize the privilege but instead protect the information through professional ethics rules or otherwise. At a time of global financial crisis, when companies are struggling to maintain operations and solvency in the wake of supply chain disruption and demand side collapse, companies know that litigation is looming. Now, more than ever, it is important for companies and their counsel to take steps to protect privileged information in anticipation of the litigation to come.

The Lex Mundi Attorney-Client Privilege Guide details what constitutes attorney-client privilege in common and civil law jurisdictions around the world. Specific topics addressed in the guide include:

• Elements/Basics
• Privilege in Corporations
• Litigation Funding
• Crime-Fraud Exception
• Work Product Doctrine/Litigation Privilege
• Other privileges, including accountant-client privilege, mediation privilege and settlement negotiation privilege

Lex Mundi created the guide with the help of Jenner & Block LLP, Lex Mundi member firm for USA, Illinois. David Greenwald, partner with Jenner & Block LLP, explained, "Our goal in creating this guide is to enable counsel and their clients to identify key differences among jurisdictions' laws and to provide citations to primary sources for further research." He added, "The law of privilege, and the differences between jurisdictions, is often misunderstood. This guide provides ready access to this important information."

The guide's interactive and innovative format allows users to search for and download an individual jurisdiction's report or compare multiple jurisdictions in a side-by-side customizable report. The Lex Mundi Attorney-Client Privilege Guide can be accessed free of charge on the Lex Mundi website at: https://www.lexmundi.com/lexmundi/Attorney-Client_Privilege_Guide.asp.

About Lex Mundi Lex Mundi is the world's leading network of independent law firms delivering consistent, high-quality advice that is critical to solving complex cross-border challenges. Our carefully vetted, and continuously reviewed, top-tier member firms uphold the highest-level service standards while offering preferred access to more than 22,000+ lawyers worldwide in more than 125 countries. Supported by client-focused methods, innovative technologies, joint learning and training, member firms collaborate across borders and industries to deliver joined-up solutions focused on real business results for clients.

Through our innovative service delivery model, clients have the ability to assemble an ideal international legal team, with the best lawyers in the jurisdictions that match their unique footprint, flexed to their most significant legal challenges.

Lex Mundi member law firms are located throughout Europe, the Middle East, Africa, Asia and the Pacific, Latin America and the Caribbean and North America. Through our nonprofit affiliate, the Lex Mundi Pro Bono Foundation, our members also provide pro bono legal assistance to social entrepreneurs around the globe.

For more information, please visit http://www.lexmundi.com and http://www.lexmundiprobono.org.

LONDON, April 24, 2020 /PRNewswire/ -- AxiaFunder, the UK's first for-profit litigation funding platform, today announces its second case win, returning 93.75% to investors in just 15 months.

The breach of contract case, which was funded in February 2019, raised £12,000 to enforce an adjudication award against a property developer. The case was favourably settled following a three-party mediation.

It comes after AxiaFunder's first case win produced a 43.00% return in only eight months with no losses to date.

Cormac Leech, CEO and Founder of AxiaFunder, said: "We are pleased to announce our second case win, which has produced solid returns to our investors through an Innovative Finance ISA eligible bond which was 83% principal protected via insurance. Despite market volatility in the wake of COVID-19, litigation funding offers retail and institutional investors an opportunity to diversify their investment portfolio. Unlike equities, litigation funding is uncorrelated to financial markets and the economy, continuing to generate healthy returns to investors while many other assets classes are underperforming in the current economic climate."

AxiaFunder has a strong pipeline of vetted cases that will be launched over the coming weeks. The first of which is the relaunch of a pre-vetted case backing a 'Francovich' claim – an action seeking damages against a Member State for breaching EU law. The VAT dispute claim is being relaunched to reflect a recent unexpected strike-out application during the funding process. AxiaFunder expects a net 5.5x multiple on investor capital if the case wins at trial, which is expected in around 18 months. Risk Warning: Capital at risk and returns not guaranteed.

Despite COVID-19 and the resulting economic headwinds, AxiaFunder's latest investment opportunity – a portfolio of three commercial litigation cases – was fully funded less than 24 hours after the launch of its marketing campaign.

Leech added: "The litigation funding market is expected to grow as COVID-19 increases insolvency litigation. As the UK's first for-profit litigation funding platform, AxiaFunder is well placed to provide access to capital for many of Britain's SMEs, who would otherwise struggle to afford the cost of litigation.

"AxiaFunder takes a stringent approach to vetting cases and only invests in those that have an estimated probability of a favourable outcome for investors of at least 70%. The vast majority of cases settle before trial with AxiaFunder's investors typically getting paid before the claimant which improves returns."

AxiaFunder itself recently closed an equity round raising over £250,000 of working capital, some of which was raised through Seedrs, the equity crowdfunding platform.

To date AxiaFunder has in total raised £775,000 of litigation funding for 6 commercial cases.

About AxiaFunder

Launched in November 2018, AxiaFunder (an appointed representative Share In Ltd) which is authorised and regulated by the Financial Conduct Authority (FRN 603332) enables both retail and institutional investors to provide funding to claimants who cannot afford to pay for their legal disputes. Investors receive a return on their capital if the case wins, however should note that Capital is at risk and returns are not guaranteed.

• Survey suggests the litigation finance industry has demand for co-investment capital
• Speed to commitment and having a fully funded commitment ranked highest in terms of co-investor characteristics
• Most funders expect a co-investment commitment within less than 4 weeks

INVESTOR INSIGHTS

• While investors might be attracted to co-investment opportunities, diversification is a strong component to successful long-term investing in commercial litigation finance
• Co-investing should only be considered in the context of creating a portfolio, or to add specific exposures to an existing portfolio, but should never be viewed as a single investment

SAN CARLOS, Calif., April 14, 2020 (GLOBE NEWSWIRE) -- BioCardia, Inc. (Nasdaq: BCDA), a leader in the development of comprehensive solutions for cardiovascular regenerative therapies, today reported it has entered into an agreement for litigation financing which has been filed today with the Securities and Exchange Commission on Form 8-K.

BioCardia, Inc. entered into a Litigation Funding Agreement with BSLF, L.L.C., an entity owned and controlled by Andrew Blank, a member of BioCardia’s board of directors, for the purpose of funding the Company’s currently pending legal proceedings and any and all claims, actions and/or proceedings relating to, or arising from, the case captioned Boston Scientific Corp., et al., v. BioCardia Inc., Case No. 3:19-05645-VC, U.S.D.C., N. D. Cal (the “Litigation”). The Litigation relates to matters the Company raised in a letter to Ms. Surbhi Sarna, nVision Medical and Boston Scientific based on BioCardia’s discovery in January 2019 that Ms. Sarna had assigned to a company she founded, nVision Medical, a patent and patent applications she had filed while a BioCardia employee. nVision subsequently was acquired by Boston Scientific.

BioCardia made various claims, including that the patent and patent application rightfully belonged to BioCardia pursuant to Ms. Sarna’s invention assignment agreement, that the proceeds from the sale of nVision to Boston Scientific rightfully belonged to BioCardia because they were the direct result of Ms. Sarna’s breach of her obligation to assign to BioCardia the patent and patent applications and the use of misappropriated BioCardia trade secrets.  On September 6, 2019, Boston Scientific Corporation, Boston Scientific Scimed Inc., and Fortis Advisors LLC (the “Boston Scientific Parties”) filed a complaint against BioCardia in the United States District Court Northern District of California, Case no. 3:19-05645-VC, seeking declarations that the claims made in BioCardia’s correspondence were without basis. On October 31, 2019, BioCardia filed a counterclaim against the Boston Scientific Parties and Ms. Sarna for breach of contract, misappropriation of trade secrets and correction of inventorship on the patents naming Ms. Sarna as an inventor. BioCardia seeks imposition of constructive trusts both on the patents naming Ms. Sarna as an inventor and the proceeds received from the sale of nVision to Boston Scientific, as well as damages, including unjust enrichment damages measured by the proceeds received from the sale of nVision to Boston Scientific.

Under the terms of the Funding Agreement, the Funder agreed to fund the legal fees and costs incurred by the Company in connection with the Litigation on and after March 1, 2020 on a non-recourse basis in return for a share of the litigation proceeds.  Details of the Funding Agreement are available in the Form 8-K filed today.

BioCardia CEO Peter Altman, PhD, said, “This litigation financing gives BioCardia the wherewithal to pursue its claims in court. This preserves our investment focus on advancing our important cell therapy product pipeline to treat cardiovascular diseases, and the commercialization of our FDA-approved enabling device products.”

Families affected by the coronavirus may be unemployed right now, and Legal-Bay is determined to help them obtain their lawsuit settlement loans as soon as possible. The company is running a promotion for plaintiffs who have a pending lawsuit, but need cash now. The promotion will run from today until April 30, 2020, and works like this: Any clients that apply for a lawsuit loan or cash advance and are denied will be eligible to receive a $60 gift card to feed their family in this time of need. If your case is approved for funding, then Legal-Bay will proceed to fund you and you will not be eligible for the gift card.

To apply right now, please go to: http://lawsuitssettlementfunding.com or call 877.571.0405 where live agents are available 24 hours a day to assist you.

Chris Janish, CEO of Legal-Bay commented, "Unfortunately, people with pending lawsuits are already at a low point in their life, and having to deal with unemployment or illness due to Covid-19 is unimaginably difficult. Our 'feed or fund' promotion is geared toward letting plaintiffs know that we are open for business and able to fund them in this dire time.  And more importantly, if your case is denied you will not be left out in the cold, as we will be donating a $60 food card to any applicants who are denied legal funding over this period as well."

Legal-Bay has chosen Grubhub and Uber Eats along with other national vendors to assist them during this promotion because they can offer bulk gift cards quickly via email delivery to families in need. Legal-Bay expects to have all gift cards delivered electronically between May 1 and May 15.

The program is designed to add extra incentive to people who are at a particularly difficult time in life, or have been denied funding in the past because they have a prior contract. Legal-Bay is one of the best lawsuit funding companies because they accept applications on almost all lawsuits.  They are also the best legal funding company when it comes to large buyouts of prior lawsuit loans, whereas the original funding company has stopped funding.  Legal-Bay has a Best Price Guarantee for all their clients, so most times buyout cases can be refinanced at cheaper rates than the existing loan.  What this means is that it's possible to get an additional cash payment and yet still maintain the same payback terms. It costs nothing to inquire about refinancing options; the evaluation is free.

Here are just some of the cases that Legal-Bay will consider: Car and truck accidents, discrimination or wrongful termination, medical malpractice, sexual harassment and abuse, nursing home abuse, wrongful imprisonment, police brutality, labor law or construction accidents, Jones Act or maritime law, Fela or train accidents, personal injury, verdict on appeal cases, commercial litigation funding, civil cases involving general negligence, wrongful death, Hernia Mesh, IVC Filters, Round Up, Essure, attorney case cost funding, breach of contract, slip, trip, and falls, premise liability and more.

• Covid-19 will likely lead to the biggest financial crisis since the Great Depression
• The crisis has affected the solvency and viability of corporations and sovereigns
• Litigation managers need to re-assess collectability risk, immediately and regularly, of each defendant in their portfolio

INVESTOR INSIGHTS

• Diligencing litigation managers should involve a deep understanding of how they assess defendant collectability risk
• Defendant collectability risk is an ongoing risk that changes over time, therefore managers need a continuous risk assessment methodology
• Investors looking to invest in litigation finance secondaries to take advantage of the current dislocation should avoid single case risk and look to portfolio acquisitions, but must assess collectability risk across the portfolio being acquired

Investor Insights

Eric Blinderman CEO (U.S.) Therium

Paul Haskel  Partner RK&O

Additional speakers to follow.

The panel discussion will be moderated by Ed Truant, founder of Slingshot Capital, and there will be a Q&A session with audience questions following the panel.

Mr. Capper developed his unique expertise by serving over many years a diverse clientele ranging from law firms and multinational companies to sovereign states and government agencies. Prior to joining Ankura, he spent five years at Burford Capital, the world's largest litigation financing provider, as a Vice President leading the firm's consultancy asset tracing and investigations team. Mr. Capper also spent eight years with the British Intelligence Services, focusing on counterintelligence and counter terrorism investigations with an emphasis on North and West Africa.

"We are pleased to welcome Robert to our team as we continue to strengthen and deepen our investigations capabilities for clients across all geographies," said Simon Michaels, Chairman of EMEA and APAC at Ankura. "One of our greatest assets is the diverse experiences and perspectives that our people bring to each project, and we're committed to investing in and integrating into our global Ankura team professionals with one-of-a-kind credentials like Robert. His extensive background in investigations and asset tracing coupled with his experience as a former British Intelligence Services officer will provide our clients with unique insight and expertise as we help them with their investigations."

"I am incredibly excited to have the opportunity to join Ankura and work with such an established team of talented and dedicated professionals," said Robert Capper. "I was drawn to Ankura's collaborative, client-focused culture. I look forward to adding my skills and advancing Ankura's complex investigations capabilities around the world."

Mr. Capper holds an MSc in International Relations from the University of Bristol, a PGDip in Terrorism Studies from the University of Edinburgh, and a BA (with honors) in History from the University of Bristol.

About Ankura

Ankura is a global business advisory and expert services firm defined by HOW we solve challenges. Whether a client is facing an immediate business challenge, trying to increase the value of their company or protect against future risks, Ankura designs, develops, and executes tailored solutions by assembling the right combination of expertise. We help clients navigate a wide range of corporate performance and risk management challenges, including those pertaining to compliance, investigations, forensics, technology, turnaround and restructuring, and corporate strategy. We build on this experience with every case, client, and situation, collaborating to create innovative, customized solutions, and strategies designed for today's ever-changing business environment. This gives our clients unparalleled insight and experience across a wide range of economic, governance, and regulatory challenges. At Ankura, we know that collaboration drives results. For more information, please visit: www.ankura.com.

Baker Street Funding announced today as a result of the effects of the global pandemic, COVID-19 and because of the unprecedented global shutdown of business activities, many people (including people who depended on Baker Street Funding) do not have the opportunity to earn an income. Baker Street Funding has increased their funding applications by 50%.

The funding firm is advancing people money with strong cases and attorney representation. Post and pre-settlement funding, attorney funding, commercial litigation funding and surgery funding for injured victims applications have increased.

A lot of times, personal injury victims need financial help because of the prolonged nature of battles with the defendant’s insurance company. This kind of situation can put the plaintiff in a financial crisis. Baker Street Funding comes in and helps you get through this tough period until you can finalize your settlement. By receiving lawsuit funding, you can make a positive impact in your own life, especially during this global pandemic.

A Baker Street Funding representative reported that the increase in their lawsuit funding applications is based on people not being able to plan for the lockdown because of its “sudden” nature. Just like everyone else, they are forced to work from home and offer legal funding services at a time when there is a spike in demand. This situation is unprecedented in the industry, and it will be interesting to see how it will all play out.

Baker Street Funding encourages anyone who is or will be a plaintiff in litigation to contact them for a consultation and to apply. The application process is quick and easy to complete and does not require plaintiffs to undergo unnecessary checks nor have any type of human contact, this can be done while the plaintiff is at home. If the case is lost, plaintiffs owe nothing.

About Baker Street Funding

TORONTO, ON / ACCESSWIRE / April 6, 2020 / Stans Energy Corp. (HRE.V)(HREEF) ("Stans" or the "Company") is pleased to announce that it has entered into a Cooperation agreement with its Finance Providers to secure financing for the Award recognition and enforcement proceedings. This Agreement is an extension of the existing Litigation funding agreement of March 2018, and its main terms provide for the following:

• Stans assigns all its rights to title to and interest in the Award and the Costs Order (by the High Court of Justice of England) to the Finance Providers.

• Parties to the Cooperation agreement will cooperate in all matters pertaining to recognition and enforcement proceedings relating to the Award and the Costs Order.

• The Finance Providers bear full responsibility for all collection activities with respect to the Award and the Costs Order

• If the proceeds of the Award and the Costs Order are collected, then the Finance Providers shall pay the Stans an amount equal to US$500,000.

Update on the Status of the Lobash-1 Gold-Copper Project

The initial review by Stans of the documentation of the Lobash-1 gold-copper project produced the following results:

1. The current status of the Mine Licensing Agreement for the Lobash-1 property, held by the JSC "Promnedra-Regions", is being confirmed with the Russian State Sub-soil Agency.
2. Since exploration began in 1980, 100 exploration drill holes totalling over 23,000 m of core have been completed on the Lobash-1 property. Of these, analytical results from core from 43 drill holes completed in 2009, were used to prepare mineral resource estimates for the property.
3. The preliminary C2 Category mineral resource estimates of the Russian Federation Standard for the Lobash-1 property, as approved by the Russian State Reserves Committee in its report of February 17, 2010, are reported in the Company's Press Release of February 27, 2020.
4. The mineral resource estimates for the Lobash-1 project are not NI 43-101 compliant and should not be relied upon.

The Company is continuing its due diligence of the data including exploration and metallurgical test results, as well as the mineral resource estimates, while waiting for licensing issues to be cleared.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

About Stans Energy

Stans Energy Corp. is a resource development company focused on advancing rare and specialty metals properties and processing technologies. Stans is now transitioning to become a supplier of materials and technologies that will assist in satisfying the future energy supply, storage and transmission needs of the world. Previously, the Company acquired, among other things, the right to mine the past producing rare earth mine, Kutessay II, in the Kyrgyz Republic. Due to the expropriation actions taken by the Government of the Kyrgyz Republic, the Company proceeded with the international arbitration litigation to protect the Company's rights and in August 2019 won the Award for damages at over US$24,000,000 plus interest.