LCM backs collective action against Govia Thameslink Railway

Litigation Capital Management is backing a collective action launched in the UK’s Competition Appeal Tribunal against Govia Thameslink Railway (“GTR”) and its parent companies. The claim alleges that GTR abused its dominant position in the market for rail services on the London-Brighton mainline, in breach of the Competition Act 1998. The claim is being brought by law firm Maitland Walker LLP. Charles Hollander QC of Brick Court Chambers and David Went of Exchange Chambers have been engaged by Maitland Walker LLP to act as barristers for the claim. Exton Advisors advised the proposed class representatives. Read more.

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Exton Advisors welcomes Lucy Glyn as a new director

UK-based Exton Advisors, a specialist litigation finance and insurance advisor business, welcomes Lucy Glyn as a Director starting this new year. Formerly a private equity transactional lawyer from the ‘Magic Circle’, she has held senior strategy roles within the legal market and, latterly, in litigation finance, where she led on European corporate strategy at Burford Capital.

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LCM investment yields 195% IRR

LCM has announced the delivery of an award in favour of the funded party in an international arbitration, under the LCIA (London Court of International Arbitration) rules. The arbitration, seated in London and brought under the rules of the LCIA was for the determination of a construction dispute relating to a development in the Middle East. The investment forms part of LCM’s Direct Investment Portfolio and was 100% funded from the company’s balance sheet. The investment produced approximately £9.8 million in revenue and produced a 255% ROIC and a 195% IRR. The life of the investment was 26 months.

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