Litigation Capital Management has reported a strong fiscal year in the 12 months to 30 June 2022, with highlights including a 23% increase in adjusted operating profit, a fully committed Fund I of US$150 million and two thirds of the targeted US$300 million raised for Fund II, overall commitments consistent with the previous year at A$104 million, and applications decreasing to 442, down from 572 for fiscal 2021.
Canterbury Litigation Funding is backing a class action against The Earthquake Commission (EQC) on behalf of tens of thousands of homeowners who bought earthquake damaged homes they believed were properly repaired by EQC, but subsequently discovered their homes still had issues. The class action argues that affected homeowners should be able to receive a cash payment for the cost of the remedial work, rather than being required to undertake their own repairs and apply to be reimbursed under the prescriptive criteria of the $300m On-Sold Policy administered by the EQC. Canterbury is entitled to a fee of up to 15% (including GST) from any amount due claimants from EQC.
Harbour is backing UK and Dutch claims of up to 25 billion euros against Alphabet Inc unit Google on behalf of publishers over Google's digital advertising practices. The suits allege that Google deprived publishers of billions of revenues through anti-competitive conduct, namely that it used its publisher ad servers by favouring its own ad exchange and used its ad exchange to favour its publisher ad server, and will seek to recover compensation for all owners of websites carrying banner advertising.
Mark Beesley of Shakespeare Martineau describes how third-party litigation funding has gone from being criticised as champertous and lacking transparency, to gaining widespread acceptance around the world, and shares some of the innovative ways litigation funding can be used to fund claims that may not otherwise be economically feasible.
LegalPay is proud to host India’s first Legal and Insolvency Financing Summit at Trident - The Sunset Lounge, Nariman Point, Mumbai. In this event, top law firms, NBFCs, RPs, investors, and businesses are invited under one roof to explore mutual synergies and contribute to India’s growth story.
The first Istanbul Arbitration Week (“ISTAW 2022”) will be held between the 10th and 14th of October 2022 at the historical Sait Halim Pasha Mansion. It is organised by the Energy Disputes Arbitration Center (EDAC), which is the only energy sector-based arbitration center with its own rules.

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