July 11, 2022

RPX summarises how various firms have responded to Delaware Chief Judge Colm F. Connolly's April standing order relating to disclosure requirements, noting that some litigants have yet to address the standing orders, risking judicial wrath, while still others have complied—albeit initially under seal.
An extraordinary case involving an Irish impresario, an alleged $50,000 bribe stuffed into a bag and potentially one of the biggest payouts in legal history is coming before the English high court early next year. After Nigeria failed to build the required infrastructure for an ambitious energy project of two Irish entrepreneurs, the arbitration courts in London awarded the two men approximately £8.3bn. Following the arbitration, the entrepreneurs' offshore firm was purchased by Lismore Capital, a litigation funding firm owned by commercial lawyer Seamus Andrew, who represented the firm in the arbitration proceedings, together with VR Advisory Ltd, an investment fund. Officials in Nigeria now allege the deal was corruptly procured and the subsequent arbitration proceedings were “tainted” by claims of collusion.
The collapse in the value of crypto is likely to lead to a raft of claims from UK investors who believe they have lost considerable sums of money after being mis-sold cryptocurrencies and, according to Dan Wyatt of RPC, litigation funders are becoming increasingly confident that they can get crypto class action cases up and running and are keen to establish their reputation in this area.
Nigeria has tracked down and grounded the luxury private jet purchased by its former oil minister, Dan Etete, with some of the alleged proceeds of the notorious $1.3 billion Malabu OPL245 oil deal. Lagos law firm Johnson & Johnson Solicitors, was appointed by the Nigerian government in 2016 to recover assets from the deal. American litigation funder Drumcliffe Partners is said to be helping fund the recovery.

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