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. Read more.

Keep Reading

Insights

Bounce Back Loans – the Never Never Payday

Alison Kirby of Manolete Partners shares that her firm has been reviewing many potential claims relating to the improper use of the UK government’s Bounce Back Loans and explains the types of claims that can be brought against companies and directors in relation to them.

Funder News

Manolete appoints Lord Howard Leigh of Hurley as new chairman

Manolete (AIM: MANO), the UK-listed insolvency litigation financing company, has appointed Lord Howard Leigh of Hurley, a chartered accountant and senior partner at Cavendish Corporate Finance LLP, as its new chairman. Lord Leigh will take take over from Peter Bertram, who has held the position since November 2018.

Funder News

Manolete reports results for the year ended 31 March 2021

Insolvency litigation funder Manolete Partners has released its full year results for the year ended 31 March 2021. Despite government measures that suppressed the number of insolvencies, the company made a record 198 new case investments in the year and a further record 135 case completions. Manolete reported an average Money Multiple of 2.7x and ROI of 168% on 388 completed cases since inception.

Before You Go

Never miss a thing in the litigation finance market.