Topic: Third-party funding

The liquidators of a licensed foreign law practice in Singapore and the bankruptcy trustee of its sole shareholder have secured court approval of a third-party funding agreement with a member of the firm's committee of inspection, in a decision that sheds light on the type of acceptable deals and range of profits a funder can make.

11 May 2023

Fieldfisher has hired a CMS partner who advised on sex shop chain Beate Uhse’s restructuring, and his team of three associates, to build out the firm’s practice in Düsseldorf.

11 April 2022

Funding provided by Omni Bridgeway to help a struggling commodity trader pursue an arbitration in Hong Kong has been granted super-priority status in the trader’s Singaporean scheme proceedings.

02 September 2021

Two weeks after its forex broker parent sought recognition of its British Virgin Islands liquidation in Florida, an operating entity of the UAE-based currency trading group Exential has applied for Chapter 15 recognition of its own separate liquidation.

07 June 2021

An Australian disputes funder has applied to wind up its Cayman oil company client after discovering that a US$12.6 million arbitral award it helped secure was sequestered by a bailiff in Albania.

15 February 2021

In the first written judgment of its kind, a British Virgin Islands court has approved third party funding agreements for litigation and other liquidation fees and expenses in relation to a multinational Ponzi scheme.

01 October 2020

Partner Richard Hornshaw and counsel Tom Laidler from Akin Gump Strauss Hauer & Feld’s London litigation team discuss how a Cayman litigation trust and an English scheme were used to get around creditor differences on pursuing significant litigation, in the context of the administration of an iron ore miner in Sierra Leone.

22 September 2020