Russian oligarch Farkhad Akhmedov is pleading with the EU to return a seized £225m superyacht that Burford and Akhmedov’s ex-wife spent years and millions of pounds pursuing as part of Britain’s biggest divorce settlement.
Russian oligarch Farkhad Akhmedov is pleading with the EU to return a seized £225m superyacht that Burford and Akhmedov’s ex-wife spent years and millions of pounds pursuing as part of Britain’s biggest divorce settlement.
Sysco is accusing Burford of blocking it from retaining new lawyers after it discharged its original counsel, but Burford characterises this as a strategic move, saying it won’t stand in the way of Sysco hiring new lawyers, as long as the company agrees to cover any additional costs for substitute counsel.
The team at Burford explores the benefits of the going forward portfolio, including how it can help lawyers avoid having to turn down promising high value cases because their firms’ level of risk tolerance won’t accommodate the clients’ desired fee structure, particularly in areas like international arbitration, where even affluent clients increasingly expect that firms will share the risk.
The team at Burford summarises the GAO report on third-party litigation financing, concluding that, overall, the report’s findings are a clear positive for the legal finance sector, emphasising many of the positive benefits provided by legal finance to law and to business, even though critics will undoubtedly work to spin the report otherwise.
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