Stephen Kyriacou of Aon’s Litigation Risk and Special Opportunities Groups looks at the new and evolving litigation insurance marketplace, arguing that it is becoming a necessary insurance tool for GCs. Read more.
Stephen Kyriacou of Aon’s Litigation Risk and Special Opportunities Groups looks at the new and evolving litigation insurance marketplace, arguing that it is becoming a necessary insurance tool for GCs. Read more.
IVO Capital is backing a €6 billion claim against Chinese social media platform TikTok filed by Stichting Massaschade & Consument, a Dutch non-profit organization that defends the rights of consumers in cases of mass damage. The claim is on behalf of 4.5 million Dutch users whose sensitive data was allegedly illegally harvested and auctioned off. With the lawsuit, the foundation wants to encourage TikTok to respect European privacy laws and provide clarity on the logic behind its algorithm.
Fieldfisher, through its FeeSolve litigation funding service, is backing a potential group action against HMRC in relation to up to £45 million of ‘Follower Notice’ penalties that HMRC may be liable to repay. A recent Supreme Court decision has cast doubt on the enforceability of certain penalties issued by HMRC in cases of perceived tax avoidance.
PGMBM and SPS Capital, a prominent Brazilian special situations fund with expertise in DIP financing and litigation funding, concluded a follow-on investment to partially further finance the case Municipality of Mariana & Ors v BHP plc & BHP Ltd. The claim against BHP was filed on behalf of the victims of the Fundão dam collapse that took place in November 2015 in Mariana, Brazil. The dam was owned by BHP’s Samarco joint venture and its collapse affected more than 200,000 people. In a landmark ruling, the English courts revived the claim that had been struck out last year, granting permission to appeal under exceptional appeals legislation.
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