Litigation lender AxiaFunder has become directly authorised by the Financial Conduct Authority after a 12-month process. Read more.
Litigation lender AxiaFunder has become directly authorised by the Financial Conduct Authority after a 12-month process. Read more.
Mintos, a global platform for investing in loans, has stopped working with UK-based litigation financier Fenchurch Legal due to the “potentially increased reputational risk” arising from the liquidation of Fenchurch’s former parent company. Mintos advised investors that many Fenchurch loans are taking longer than expected to settle due to the impact of the pandemic on the cases that Fenchurch has been funding.
AxiaFunder has hired two new senior case assessors. Anthony Berry, a specialist in portfolio funding, and Noor Kadhim, a senior commercial arbitration lawyer, have both joined the litigation finance crowdfunding platform. Both Berry and Kadhim will work alongside Michael Lent, AxiaFunder’s head of case assessment.
AxiaFunder is raising funding to support an unfair prejudice petition claim against a majority shareholder in relation to a high-value housebuilding company. AxiaFunder is estimating a 3.2x Multiple on Capital for investors if the case resolves favourably at 30 months.
We’ll alert you to key situations and stories you should be aware of.
We deliver the important litigation finance news and analysis straight to your inbox each Monday morning.
The newsletter is always free.
