Omni Bridgeway investigates Australian construction claim

Omni Bridgeway, with Dentons Australia, is investigating potential claims by property owners who have suffered loss and damage as a result of the construction of the WestConnex tunnel underneath their properties.

WestConnex is a 33-kilometre predominately underground motorway scheme currently under construction in Sydney. The motorway scheme is a joint project of the New South Wales and Australian governments.

Multiple landowners have reported damage to their property as a result of the construction of the WestConnex tunnel. Property damage can occur from tunnelling vibration and changes in soil moisture content and soil settlement, resulting in ground movement underneath the properties.

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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.


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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