October 18, 2021

Stephen Davidson and Stephen Kyriacou of Aon urge litigators whose practices involve high-stakes, high-dollar-amount cases to familiarise themselves with litigation risk insurance and give a primer on the two forms it commonly takes - defense-side adverse judgment insurance and plaintiff-side judgment preservation insurance.
Maya Steinitz of the University of Iowa - College of Law presents a comprehensive research paper exploring third-party funding in investment arbitration, touching on developments in national, international, and soft law governing investment arbitration funding and the likely effects of third-party funding on the international bar.
Dr. Volker Knoop, formerly of FORIS AG, has launched CALVOR GmbH, a new litigation funding company in Germany. The new financier will initially focus on commercial and corporate law, D&O liability law and insolvency law. In the future, it may fund cases around antitrust, patent or tax law. CALVOR will operate independently in Germany, but belongs to the British litigation financier Asertis, from which its financing comes from.
UK-based Apex Litigation Finance has announced the upcoming appointment of Mark Sands as Head of Insolvency. Mark will join the firm in January 2022, assuming overall responsibility for the company’s presence in the insolvency sector. Mark has more than 35 years’ experience in the insolvency profession, most recently in a senior role at Quantuma. A former President of the Insolvency Practitioners Association, Mark’s career previously included roles at KPMG and Tenon. 
Wall Street’s latest blank-check company promises to be a litigation finance nightmare for property and casualty insurers. MSP Recovery, a Miami-area company that earns revenue by winning lawsuits against insurers, merged with a special purpose acquisition company in July. Earlier this month, MSP and its new partner Lionheart Acquisition Corp. II announced that Virage Capital Management LP, a litigation finance investor, had agreed to pay $3 billion for rights to collect 50% of future awards against insurance companies.

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