Vannin Capital

Est: 2010

HQ: Jersey

Other offices: London; Paris; Washington, DC; Sydney; Melbourne

Total staff: 18

Names to know for insolvency litigation funding: Patrick Coope, managing director for Australasia; senior counsel Rosemary Ioannou; counsel Tom McDonald

Assets under management: >US$4 billion

Percentage of assets devoted to insolvency cases: 5-15%

Minimum/maximum claim size: US$10 million/no maximum

Examples of cases:

-        Funding a UK-based insolvency practitioner in respect of claims against the former shareholders and directors of the insolvent company for, among other things, transactions defrauding creditors, transactions at undervalue, misfeasance and wrongful trading

-        Funding a claim by Australian liquidators of a mining company for recovery of a AU$120 million intercompany loan.

-        Funding a claim by Australian liquidators of a financial services business for audit negligence.

-        Funding claims arising out of one of the largest European insolvencies in recent years, quantum US$100 million.

-        Claim by Australian liquidators of a financial services business against former directors for breach of duty, quantum AU$90 million.

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