Italy is seeking to annul a €190 million ICSID award obtained by Rockhopper Exploration in litigation backed by Harbour Litigation Funding. The funding agreement does not cover any costs arising past the date of the award (23 August 2022), and Rockhopper is currently considering funding possibilities to fund both fighting the annulment and enforcing the award if required.
Aristata Capital, whose investment clients include the Soros Economic Development Fund (SEDF), is working to show that litigation finance in ESG-related cases can be a profitable investment, having had the first close for its Aristata Impact Litigation Fund I, which focuses on social impact litigation, in July.
Tom Rotherham has joined Harbour Litigation Funding as Director of Litigation Funding. Tom was previously an Associate at Travers Smith.