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Harbour launches £150 million funding venture with Mishcon de Reya

Harbour Litigation Funding has launched a new £150 million funding venture with Mishcon de Reya called MDR Solutions I. It will be used to fund litigation and arbitration cases for Mishcon de Reya’s clients. Operationally separate to the law firm, the new venture will be responsible for assessing and investing in prospective cases originated by Mishcon de Reya. MDR Solutions I will benefit from sophisticated data science capability and expertise which has been built by Mishcon de Reya over a number of years. Harbour will be co-investing alongside the firm. Speaking on behalf of Harbour, CIO Ellora MacPherson stated that “this is fantastic news and the next step in the development of our relationship. We have nine active cases which Mishcon de Reya are advising on and close relationships between the teams at every level of the organisation. We look forward to working even closer together.”

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James Hardie leaky homes trial ends early with settlement, but no compensation for owners

The $220 million class action lawsuit against Australian building materials group James Hardie has ended with a mid-trial settlement that will see homeowners receive no compensation for their leaky home claims. Harbour Litigation Funding, which has been backing the case since it was initiated in 2005, will pay James Hardie NZ$1.25 million as part of the settlement.

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