Delta Capital expands Global Asset Recovery Consortium

Delta Capital Partners has announced the expansion of the Global Asset Recovery Consortium (GARC) to provide bespoke litigation finance and asset recovery solutions for projects having an India nexus. Delta has formed GARC India and is adding Darshan Hiranandani of the Hiranandani Group, a leading Indian company with expertise in large-scale technology, real estate and investment projects to the advisory board of GARC. Through GARC India, the members of the consortium will be able to better service the needs of claimholders in India and elsewhere that desire to pursue asset recovery or litigation with an India nexus. Read more.

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ILFA Names New Chairman, Board of Directors, and Executive Committee

The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.

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Qatar Faces $6 Billion Arbitration Claim Linked To Ruling Family Member

Anglo-Spanish family trust Swifthold Foundation and its backer Delta Capital Partners have initiated a $6 billion international arbitration claim against the Qatari government stemming from a case against a member of the country’s ruling family. To date, the trust has failed to secure compensation through the local courts over a property investment scheme that went sour involving Sheikh Fahd Bin Ahmed Bin Mohammed Al-Thani and his company Fast Trading Group.

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Delta hires new senior executive

Chicago-based Delta Capital Partners Management LLC has announced the hiring of Michael Callahan as the funder’s new Chief Operating Officer. Prior to joining Delta, Mr. Callahan worked at Boston Capital for 28 years, where he was a Senior Vice President and the Director of Asset Management.

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