LS V PS – A DEATH KNELL FOR LITIGATION FUNDING IN COMPLEX FAMILY LAW CASES?

James Stewart of Penningtons Manches Cooper analyses the serious consequences of the decision in the UK case LS v PS which upheld the privilege afforded to Financial Dispute Resolution hearings under the Family Procedure Rules against the disclosure of potentially fraudulent activities. He stresses that if upheld, it may well “sound the death knell” for litigation funding in family proceedings. Read more.

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New Fundings

Manolete offers funding for business interruption claims

UK-based Manolete Partners has announced that it is partnering with law firm Penningtons Manches Cooper LLP to offer a solution for insolvency practitioners to pursue business interruption claims against insurers on behalf of insolvent estates. Manolete is looking to take assignments of the claims in exchange for a non-refundable, initial cash consideration payment to the estate and at least a 50% share of the net proceeds.

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