June 14, 2021

The estate of a now-deceased South Africa-based steel trader has had a set-back in a quarter-century long legal battle with his New Zealand-based business partner. Despite arguments that it needed access to the US $35 million that was paid into court by the defendant in order to pay back a “ruinous” litigation loan and continue its legal fight, the New Zealand court declined to do so until the final liability has been determined.
Court House Capital is funding a potential class action being brought by Bannister Law against Australian fintech institution Tyro Payments. Tyro is the largest provider of EFTPOS (electronic funds transfer at point of sale) service other than the banks to over 32,000 Australian businesses. Many businesses have been unable to accept electronic payments in their business due to connectivity issues with Tyro terminals, leaving some businesses with the woefully inadequate situation of accepting cash payments only, losing essential revenue.
Kim May has joined CASL in Australia as a Senior Investment Manager. Kim was previously with Litigation Lending Services.

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