Announcements

Stay informed with updates and key industry developments shaping the global finance litigation landscape.

Announcements

687 Articles

LegalPay aims to double litigation funding AUM to $1B by end of 2024

By John Freund |

LegalPay, India’s leading litigation funding company, today announced it has successfully managed claims worth USD 400 million since 2020 empowering over 1,000 businesses to recover their pending dues and navigate legal complexities. Building on this momentum, LegalPay aims to more than double the claims under management at USD 1 billion and add 4000 new cases every month by the end of calendar year 2024.

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Omni Bridgeway Releases Interim Financial Report

By John Freund |

The Directors present their report (referred to hereafter as the “Interim Financial Report”), together with the financial statements, on the consolidated entity (referred to hereafter as the “consolidated entity” or “the Group”) consisting of Omni Bridgeway Limited (referred to hereafter as “OBL”, “the Company” or “the Parent”) and the entities it controlled at the end of, or during, the half year ended 31 December 2023.

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New Research Shows Businesses Increasingly Open to Reframing Legal Department from Overhead to Capital Source

By John Freund |

Burford Capital, the leading global finance and asset management firm focused on law, today releases new independent research demonstrating that an increasing number of businesses are recognizing litigation portfolios as value sources and are becoming more open to tools that help them reframe the legal department from overhead to capital source.

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Burford Capital Announces Pricing and Upsizing of Private Offering of Senior Notes

By John Freund |

Burford Capital Limited (“Burford” or “Burford Capital”), the leading global finance and asset management firm focused on law, today announces the pricing of its private offering of $275.0 million aggregate principal amount of additional 9.250% senior notes due 2031 (the “Additional Notes”) by its indirect, wholly owned subsidiary, Burford Capital Global Finance LLC (the “Issuer”), which represents an increase from the previously announced offering size.

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LegalPay launches Zero Interest Credit Line for businesses to settle legal disputes, to disburse Rs 200 cr in 2024

By John Freund |

LegalPay, India’s first litigation funder and legal solutions provider, has announced the launch of a zero-interest credit line for enterprises, startups, individual business owners, and freelancers to settle legal disputes while preserving their working capital. LegalPay aims to disburse INR 200 crore in 2024 through its own NBFC Padmalaya Finserve along with other partner NBFCs.

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Lexolent Announces Groundbreaking Launch of LexHub: A Revolutionary Platform for Legal Finance Professionals

By John Freund |

Lexolent, the trailblazing force in the legal finance industry with offices in Dubai and London, is thrilled to announce the forthcoming launch of LexHub, the world’s first online platform for legal finance professionals. Scheduled to go live on Monday, January 8th, LexHub represents a seismic leap forward for the industry, offering a unique one-stop-shop experience for legal professionals worldwide.

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LitFin Capital, in cooperation with WOOD & Company, launched a unique fund of qualified investors

By John Freund |

LitFin Capital, a Prague-based litigation finance provider and one of the largest players in Europe, has enriched the investment landscape by launching one of the first qualified investor funds for litigation finance in continental Europe. Developed in partnership with WOOD & Company, a major Czech investment firm, this innovative fund presents a unique opportunity for investors seeking uncorrelated market returns.

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Montauk Metals Obtains Litigation Funding Against the Republic of Colombia

By John Freund |

Montauk Metals Inc. (TSX-V: MTK) (the “Company” or “Montauk”) is pleased to announce that it is been advanced US$200,000 (the “Loan Amount”) pursuant to the loan and option agreement (the “Loan Agreement”) with Omni Bridgeway (Fund 5) Canada Investments Ltd. (“Omni”), as previously announced in its news release on November 9, 2023. The Loan Amount was advanced to the Company in connection with the execution of promissory note by Montauk in favour of Omni (the “Note”).

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Omni Bridgeway Announces First Close of Funds 4 and 5 Series II Capital Raising

By John Freund |

Omni Bridgeway Limited (Omni Bridgeway) (ASX:OBL) is pleased to announce the first close (First Close) of capital raising for the second series of its core funds, Fund 4 and Fund 5 (Series II), with existing investors on improved cost coverage terms achieved through transaction fees (Transaction Fees). Each Series II fund is capped at US$500 million, and Omni Bridgeway will continue to be a 20% co-investor.

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Dealbridge.ai Revolutionizes Deal Management With Launch of Groundbreaking Generative AI Platform

By John Freund |

DealBridge.ai, a leading innovator in Deal Relationship Management (DRM), proudly announces the official release of its groundbreaking generative AI platform. This cutting-edge solution harnesses the power of Generative AI to automate financial, legal, and insurance processes, revolutionizing deal origination, due diligence, and distribution in the industry.

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Omni Bridgeway Announces: Secondary market transaction completed in relation to Fund 4’s IP portfolio

By John Freund |

Omni Bridgeway Limited (Omni Bridgeway, OBL, Group) (ASX: OBL) announces that it has completed the sale of a 25% interest in a portfolio of 15 intellectual property (IP) investments (Investments) in Fund 4 (Fund) to an affiliate of GLS Capital Partners Fund II, LP (GLS) for an initial amount of US$21.5 million, representing a multiple on invested capital (MOIC) of 2.0x of the apportioned aggregated deployments to date. 

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