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Significant Legal Win for “David” Canadian Corp in London Court

August 25, 2020

Significant Legal Win for “David” Canadian Corp in London Court

Global Energy Horizons Corp (GEHC) an alternative energy corporation headquartered in Victoria, British Columbia, Canada has won a significant Judgment against The Winros Partnership (formerly Rosenblatt Solicitors) a City of London based law firm. GEHC’s claims are related to the legality and enforceability of three Conditional Fee Agreements (CFAs) alongside several misconduct allegations against Rosenblatt. A CFA  is a contingency agreement between a law firm and its client whereby the law firm assumes the costs of pursuing a litigation for a reward that could amount to 100% of its customary fee. The case considered GEHC’s claim that all three CFAs entered into with Rosenblatt were unenforceable, and in any event wrongly terminated, and as such Rosenblatt wrongly claimed costs, despite the existence of an unenforceable ‘no-win, no-fee’ CFA. The case also considered numerous allegations of impropriety, including Rosenblatt misrepresenting to its client that monies were owed. The Judgment, handed down on Thursday August 20, 2020, found for GEHC in all its claims. Master James, the presiding justice, noted that Rosenblatt “left GEHC’s best interests in their rear-view mirror” and “favoured its own interests over its client’s.” The Judgment found that Rosenblatt had misrepresented the following to GEHC and/or the court:
    • that one of the CFAs had come to an end, before wrongly and unclearly invoicing the claimant for monies allegedly owed
    • a win had been achieved under a later CFA resulting in additional fee requirements of £7 million
    • GEHC had agreed to gift Rosenblatt in excess of £2 million, including £460,000 in irrecoverable success fees which Rosenblatt maintained they had explained to GEHC that there was no contractual entitlement
    • further, Rosenblatt failed to keep records of the alleged advice or the alleged agreement
The conduct of the matter was punctuated by poor or non-existent written communications, on which Master James remarked: “This is one of a number of occasions upon which a very important event, involving a large sum of money, has allegedly happened but in respect of which there is no paper trail to verify it, in spite of the fact that Rosenblatt is a commercial law firm and well-versed in the importance of reducing important agreements to writing.” GEHC was represented by a London-based team of the firm Eversheds Sutherland and Ben Williams QC of 4 New Square, London. The Eversheds Sutherland team was led by Partners David Flack and Mark Cooper, and Head of Costs Glenn Newberry. The Winros Partnership were represented by Rosenblatt Solicitors and Andrew Post QC of Hailsham Chambers, and Adam Zellick QC of Fountain Court, all of London, UK. Glenn Newberry, Head of Costs and Litigation Funding at Eversheds Sutherland commented: “We’re delighted the Judgment found for GEHC on all counts. This is a significant case, being one of the first to find a post 2005 CFA to be unenforceable following the abolition of the 2000 CFA Regulations in 2005, as well as tackling what became an ever-growing number of incidences of misconduct. The team faced numerous challenges during proceedings, including a lack of documentary evidence, nor correspondence nor file notes of conversations of the advice which Rosenblatt purported to have provided to GEHC in respect of the unusual and complex fee agreements.” Brian de Clare, President of GEHC commented: “GEHC engaged Eversheds in 2016 to investigate our rights following the unauthorized removal of funds from our Client account at Rosenblatt. That was a shocking situation for us to have been put in, especially where we had placed great trust in Rosenblatt from the very beginning. For Eversheds to have uncovered even further grave irregularities in our fundamental contractual relationship with Rosenblatt (the CFAs) made us realise the trust we placed in Rosenblatt actually exposed us to being taken advantage of by them. We are extremely grateful to the Eversheds Sutherland team and Ben Williams QC for their expertise, hard work and perseverance on this difficult to comprehend matter which unearthed a catalogue of misconduct incidents stretching back a number of years.” The case was heard in the Senior Courts Cost Office in London. The hearing lasted 10 days in 2018, including eight days of live evidence. The defendant has sought permission to appeal. Rosenblatt Solicitors were hired in 2009 to litigate GEHC’s case against Robert Gresham Gray in London for breach of fiduciary duty in 2006 by removing GEHC’s opportunity to participate in an innovative and patented technology/process, tested and utilized in the U.S. and around the world, for increasing oil & gas recovery, and the associated benefits derived therefrom. Eversheds Sutherland also represent Global Energy Horizons in the ongoing litigation against Gray, who was found guilty by Lord Justice Vos in 2012 for breach of fiduciary responsibility.

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Loopa Finance Wins at the Lexology European Awards 2026 in the Litigation / General Counsel Category

By John Freund |

Loopa Finance has been recognized as the winner in the Litigation – General Counsel Team category at the Lexology European Awards 2026, one of the leading recognitions in the international legal sector.

The award was received in London by Ignacio Delgado, General Counsel Europe at the firm, on behalf of Loopa Finance’s European team, composed of Ignacio Delgado (General Counsel Europe), Marina Gouveia (Investment Manager), Fernando Pérez Lozada (Senior Investment Manager), and Fernando Folgueiro (Managing Partner).

The Lexology European Awards recognize outstanding legal teams across the region through a methodology that combines independent research, quantitative and qualitative analysis, and thousands of nominations supported by clients and industry peers, as well as the annual research conducted by the Lexology Index (formerly Who’s Who Legal) and Client Choice.

The selection process is based on performance evaluations related to effective communication, commercial understanding, technical expertise, strategic management, and team strength, and is supported by a global community of more than 940,000 subscribers.

This recognition positions Loopa Finance’s European team among the leading practitioners in complex litigation and strategic legal management in Europe.

“This award reflects the strength of a team operating across two continents that understands litigation not only from a legal perspective, but also through financial analysis and risk management. It is the result of collective work and a rigorous, strategic approach to structuring complex disputes,” said Delgado during the ceremony.

More Than an Award: Validation of a Model

The award comes at a time of consolidation for the firm. Loopa Finance recently completed its rebranding process, evolving from Qanlex to Loopa Finance and reinforcing an identity aligned with its growth in continental Europe and its broader international positioning.

It also coincides with the closing of Fund III, raising €65 million to finance complex litigation and arbitration across Europe and Latin America, significantly expanding the firm’s investment capacity and supporting the continued growth of its platform in the region.

This milestone adds to the firm’s recent rankings, including its Band 1 classification by Chambers & Partners in Latin America and Europe, its recognition as “Highly Recommended” by Leaders League across multiple jurisdictions, and the inclusion of members of its team among the Thought Leaders in Third-Party Funding by the Lexology Index. Together, these results confirm the strength of Loopa Finance’s model and the consolidation of its team as a reference in the strategic financing of disputes at an international level.

About Loopa Finance

Loopa Finance is an investment fund specializing in the financing and monetization of litigation and arbitration across continental Europe and Latin America, supported by a technology-driven model and rigorous risk analysis. The firm provides capital to cover legal costs or monetize ongoing claims through non-recourse structures, where the recovery of the investment depends exclusively on the successful outcome of the case, assuming the financial risk of the dispute while fully aligning its interests with those of clients and law firms.

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Pravati Capital Partners with SEI to Bring Litigation Finance to Registered Investment Advisors

By John Freund |

One of the oldest litigation finance firms in the United States has announced a strategic partnership aimed at expanding mainstream investor access to the asset class.

As reported by Business Wire via Yahoo Finance, Scottsdale-based Pravati Capital has partnered with financial services firm SEI to provide registered investment advisors with structured access to litigation finance as an alternative investment option. The collaboration will leverage SEI's distribution platform to make litigation funding opportunities available within advisor portfolios.

The partnership reflects growing institutional interest in litigation finance as an alternative asset class. Historically, litigation funding has been difficult for mainstream financial advisors to access on behalf of their clients, with the market largely dominated by specialized funds and institutional investors. The Pravati-SEI arrangement seeks to bridge that gap by creating a more accessible pathway for advisors seeking diversification through non-correlated investments.

The announcement underscores a broader industry shift as litigation finance continues to move from a niche strategy toward greater acceptance within traditional wealth management channels. As the global litigation funding market grows — projected to reach over $25 billion in 2026 — partnerships like this one may signal a new phase of institutional adoption.

Announcements Commercial

Nera Capital Secures £50M Asset Mandate

By John Freund |

Nera Capital has strengthened its litigation finance platform with the onboarding of a new South America-based funding partner committing £50 million across litigation finance and legal assets. The mandate not only expands Nera’s available capital base but also sees the firm formally appointed as asset manager for the new funds, reinforcing its growing role as both originator and portfolio steward within the UK litigation market.

In a press release, Nera Capital announced that the £50 million commitment will be deployed across a range of UK-based claims, with the firm responsible for underwriting, structuring, capital deployment, and ongoing portfolio management. The capital will be allocated in line with Nera’s established investment criteria and risk management framework, targeting carefully selected legal assets. The funding partner, described as having an “extensive track record” in high-yielding special situations investments uncorrelated to traditional asset classes, brings prior experience in litigation finance across South America.

Robin Grant, CFO at Nera Capital, emphasized that the partnership aligns with the firm’s disciplined approach to litigation finance and enhances its ability to deliver attractive, risk-adjusted returns to investors. Aisling Byrne, Director at Nera Capital, highlighted the funder’s blend of financial and legal expertise, noting that the asset manager appointment reflects international confidence in Nera’s ability to identify viable claims and manage them through to resolution.

Established in 2011 and headquartered in Dublin, with offices in Manchester and Holland, Nera Capital provides law firm lending across consumer and commercial claim portfolios and is a member of the European Litigation Funders Association.