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.