Omni Bridgeway backs investor appeal

Omni Bridgeway is funding, through a managed investment scheme, an appeal made for the benefit of certain investors of two judgments made in the liquidation proceedings of Halifax Investment Services, a Sydney-based financial services business that collapsed in 2018. Omni Bridgeway will be entitled to 10% of any funds that investors will become entitled to if the appeal is successful. Read more.

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Funder News

Omni Bridgeway hires in Canada

Laura Scheim has joined Omni Bridgeway in Montreal as an associate investment manager and legal counsel. Laura was previously in the litigation group of Osler, Hoskin & Harcourt LLP and brings expertise in commercial and tax litigation. She also clerked at the Supreme Court of Canada and the Quebec Court of Appeal. 

Funder News

Omni Bridgeway establishes institutional debt facility

Omni Bridgeway has established a A$250 million institutional debt facility. The facility has been used in part to redeem certain bonds and wholesale notes prior to their scheduled maturity. The facility also includes an additional commitment of A$102 million of debt capital to enable the company to optimise its medium-term capital management. The debt facility was provided by funds managed by Northleaf Capital Partners and Pacific Equity Partners. Law firm G + T advised on the financing, acting as lead counsel across eight jurisdictions.

Insights

A Primer on U.S. Defense-Side Litigation Finance

Jason Levine of Omni Bridgeway reports that creative litigation funders are actively working to develop bespoke defense financing solutions for clients and notes that of the three primary forms of defense financing, reverse contingency financing applies most broadly to the most types of cases.

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