Apex partners with Maxima Litigation Finance to fund new scheme

UK-based Apex Litigation Finance Limited has announced a partnership with Maxima Litigation Finance Limited to provide litigation funding to a scheme generating 200-plus cases per annum. The partnership will see Apex provide litigation funding for the scheme from an unnamed third party, with Maxima arranging comprehensive ATE cover. Working together, the two firms have won the exclusive rights to provide these services to the scheme comprising commercial litigation cases in a specialised area. Read more.

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Apex Litigation Finance appoints new Mark Sands as Head of Insolvency

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. 

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As capital floods into litigation funding, the sector has entered a new phase. Rather than sitting back and waiting for cases, funders often now play an integral role in the instigation of litigation – particularly collective actions. A push towards freely available, standardised documents will help hedge funds and other players enter the field, while a secondary market for funding investments is finding its feet.

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