Litica, the UK-based provider of commercial ATE insurance, is expanding to Australia. Leading the Australian operations will be Managing Director Philip Lomax, a former investment manager at LCM and Augusta Ventures. Founded in 2019, Litica has quickly established itself as one of the UK's leading providers of commercial ATE insurance through its panel of A rated insurers and will aim to replicate this success in Australia by having an Australian physical presence and locally authorised insurance backing.
Court House Capital is backing a new shareholder class action in New Zealand against a2 Milk for allegedly making misleading statements and for breaches of continuous disclosure obligations. This is the third class action against a2 Milk. Two similar class actions were launched against the company in Australia last year. The legal team consists of Philip Skelton, QC, Thorn Law and Gilligan Rowe.
Shakespeare Martineau is the latest UK law firm to create its own litigation funding solution for clients. Through its new 'FeeManage' service, clients will be able to access funding and alternative means of financing quickly and easily via conditional fee agreements, ATE insurance, third party funding or damages based agreements. The firm will not be partnering exclusively with any funders but will leverage its network of both large and boutique funders and insurers, as well as brokers, to obtain competitive rates and deals. 
Sylvie Gallage-Alwis and Gaëtan de Robillard of Signature Litigation report that both the Court of Justice of the European Union and the European Court of Human Rights are currently grappling with a number of significant climate litigation cases and argue that we should not be surprised if at least some of these cases succeed in creating powerful precedents moving forward.
LCM is backing a new representative action in the UK being brought by Mishcon de Reya on behalf of up to 1.6 million individuals against Google and DeepMind Technologies for the unlawful use of patients' confidential medical records. The claim arises out of an arrangement formed in 2015 between Google and DeepMind and the Royal Free London NHS Foundation Trust. The tech companies obtained and used a substantial number of confidential and private medical records without patients' knowledge or consent.
Burford Capital is backing a claim seeking compensation for millions of electricity customers in Great Britain. Scott+Scott UK LLP is applying to the UK Competition Appeal Tribunal for approval to bring a collective action against various European power cable companies who allegedly overcharged electricity network operators for power cables, resulting in higher consumer electricity bills. Daniel Jowell QC of Brick Court Chambers has been appointed as counsel. Richard Druce of NERA Economic Consulting and industry expert Peter Bennell of Sohn Associates have been engaged to provide expert reports. Case Pilots has been appointed as claims administrator.
Deminor has announced the appointment of Veronique Chatel as the company’s Global Head of Human Resources. Veronique was previously Head of HR Transformation at TotalEnergies Trading, one of the leaders in the Energy Trading market. At Deminor, Veronique will take the lead in all aspects of the company’s People function especially Talent Acquisition and Management, with a focus on helping Deminor continue to establish itself as one of the globe’s leading litigation funding providers.
Counsel for the official committee of unsecured creditors of Sears Holdings is seeking court approval of a US $35 litigation funding facility with Bench Walk Advisors. Sears Holdings, the parent company of the iconic Sears retail brand, filed for Chapter 11 bankruptcy protection in October 2018. While under creditor protection, litigation was commenced by a restructuring subcommittee seeking over $2 billion in damages arising from certain pre-filing related party transactions. $25 million was set aside to cover the initial costs of the litigation, but these funds are now near exhaustion. In order to continue in the pursuit of the claims, a competitive process was initiated to secure additional funding. After several rounds of hard-fought and arm’s-length negotiations with Bench Walk and another funder, Bench Walk emerged as the winner.
Asset Reality, Grant Thornton UK LLP, Outer Temple Chambers, Rahman Ravelli and Sandton Capital are collaborating to help victims of crypto-related fraud overcome access to justice hurdles. While crypto-related fraud reached an all-time high in 2021, with illicit addresses receiving US$14bn over the course of the year, up 79% on the previous year, matters brought before courts remain comparatively low, in large part due to a lack of funding options for otherwise meritorious lower-value claims. Under the new collaboration, a triage system has been established for the initial assessment of claims, with investigatory and corporate intelligence expertise then deployed to contextualise claims for legal assessment. Meritorious claims will be assessed and financed on a portfolio basis by Sandton Capital which has dedicated £50m for crypto-related litigation; with portfolio facilities allowing for greater flexibility to finance multiple claims that otherwise would likely not have met funders’ investment thresholds had each claim been considered on a stand-alone basis.
Sydney, Australia-based resource exploration and mining company Cassius Mining has reported that it has elected to refer its dispute with the Government of Ghana to the London Court of International Arbitration institution and is continuing to discuss and negotiate with litigation funders for the potential backing of the case. 
Brown Rudnick has released the agenda for its first annual European Litigation Funding Conference taking place on 17 May 2022 in London. The one-day conference has drawn big names from the international litigation funding market who will discuss topics such as opportunities and innovation in deal structuring, the rise of class actions and opportunities in Europe.

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