The European Litigation Funders Association (ELFA) is pleased to announce that IVO Capital Partners, an independent French investment manager with nearly 10 years of active presence in the litigation funding industry, has joined ELFA.
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Litigation funding specialists Apex Litigation Finance have announced the upcoming appointment of Timothy Fallowfield as interim Chairman. Tim will commence the new position in January 2024, assuming overall responsibility for guiding Apex through its next growth stage.
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.
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.
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”).
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.
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.
The International Legal Finance Association (ILFA), the only global association of commercial legal finance companies, has announced the addition of Orchard Global to the organization’s rapidly growing membership base.
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.
Anthony Johnson launched a new thought leadership website based on customer feedback on December 7, 2023.
Ohio’s defendants should know whether a third-party litigation funding firm is financing a lawsuit against them, the Insurance Information Institute’s (Triple-I) chief insurance officer, Dale Porfilio said, in testimony today before the state Senate’s Judiciary Committee.
As litigation funders are keen to regularly emphasise, third-party financing is not only useful to directly support a company’s legal claims, it is also a valuable tool to allow the business to continue its operations unhindered whilst pursuing meritorious litigation.
Legal-Bay LLC, The Lawsuit Pre-Settlement Funding Company, announced today that they have expanded their branch dedicated to various types of Legal Malpractice Cases. As an industry leader in legal funding and lawsuit funding with various types of lawsuits, Legal-Bay is one of the go-to funders in the legal malpractice arena. This is due to the lawsuit settlement funding company’s expertise and success in helping both law firms and clients obtain the resources they need to fight and win their cases.
Armadillo Litigation Funding, LLC (together with its affiliates, “Armadillo”) is pleased to announce that it has secured an additional $250 million in lending capacity. This $250 million, when combined with Armadillo’s existing lending capacity, brings Armadillo’s total available lending capacity to over $630 million. In March 2022, Armadillo announced that it had raised $750 million of which $446 million has been deployed in 20 loans, not including an additional $150 million in Armadillo led third party syndications.
Siltstone Capital is thrilled to bring LITFINCON to 90210. LITFINCON, the leading litigation finance summit held annually in Houston, Texas, brings together global legal and financial experts to discuss innovations, strategies, trends, and emerging opportunities in the growing ecosystem of litigation finance. This event also stands as the premier platform for networking and sharing insights in the litigation finance space.
The UK specialist competition court has today certified the legal claim brought by consumer rights expert Alex Neill, on behalf of 8.9 million Playstation customers
With the numbers of insolvencies on the rise in the aftermath of the pandemic, insolvency litigation funders are seeing the market begin to shift in their favour, as reflected in new financial reporting from one of the UK’s leading funders of insolvency litigation.
Jade Road Investments Limited (AIM: JADE), the London quoted company focused on seeking the best risk-adjusted returns globally, announces a new investment of $250,000 into Heirloom Litigation Funding 2022 SPV XI (“Heirloom Litigation Finance”). The investment was made in support of JADE’s updated Investment Policy to invest in attractive, uncorrelated, risk adjusted return opportunities.
Montauk Metals Inc. (TSX-V: MTK) (the “Company” or “Montauk”) is pleased to announce that it has secured litigation funding for its arbitration proceedings (the “Arbitration”) brought by the Company against the Republic of Colombia (“Colombia”) to enforce the Company’s rights to compensation under the Canada-Colombia Free Trade Agreement (the “FTA”), as previously described in its news releases of March 27, 2018, February 25, 2019, February 10, 2020, November 23, 2021, September 1, 2023 and October 5, 2023, and subject to certain conditions and approvals as noted below.
Just over four years since its launch, Apex Litigation Finance, a UK-based company providing litigation funding solutions, is thrilled to report that they have secured £20million funding from Crestline Investors Inc, an established provider of alternative investment solutions to support its growth and provide access to justice to more UK Claimants.
Global legal finance company Burford Capital announces the release of a new book providing an indispensable overview of the industry and practical introductions to the use of commercial litigation and arbitration finance in key jurisdictions worldwide.
Litica, the leading ATE and litigation insurance provider, recently announced at the Annual International Litigation Finance Forum its expansion into Europe, with a new office in Cologne (Köln) Germany. Other offices include London UK and Sydney Australia, with further expansion in the coming months.
Omni Bridgeway is pleased to announce a substantial expansion of its operations in the UK with the addition of six individuals in London, bringing the total team to 11. All the new hires have significant experience in legal finance.
Established in 2022 by Andrey Elinson, Inweasta has rapidly evolved into an international business with a robust presence in prominent cities such as Dubai, Hong Kong, and Istanbul. The company’s range of services is both comprehensive and continuously expanding. Catering to the financial and industrial sectors, the company offers an extensive array of consulting, legal, and investment solutions. The group’s core competencies encompass investment strategies, cross-border dispute resolution, litigation funding, and distressed asset management.
With this strategic addition to the team, LegalPay aims to reinforce its position as a dominant player in the legal finance industry, setting its sights on managing INR 50,000 crores worth of claims by the end of 2026.
LegalMation, Inc., the market leader in Generative AI-driven solutions for high-volume litigation, today announced it has raised a $15 million Series A financing round led by the venture capital team at Aquiline Capital Partners LP, Aquiline Technology Growth (“Aquiline”), with continued participation from existing investors Motley Fool Ventures, REV Venture Partners, Key Venture Partners, Quick Set LLC, and Brentwood Investments.
Doorway Capital, a specialist in legal funding solutions, has launched a new funding product designed to support law firms looking for M&A opportunities to achieve their growth ambitions.
Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce that following the entering into the litigation funding agreement with Bench Walk Advisors LLC (the “LFA”), the Company has established a Management Retention Agreement (“MRA”), which is a long-term incentive program to retain key personnel of the Company who have important historical information and knowledge to contribute towards the Claim.
