Shares in litigation funder Omni Bridgeway fell last week, after a judgment it had won in 2019 against Queensland dam manager Seqwater got overturned. More from Stockhead.
Shares in litigation funder Omni Bridgeway fell last week, after a judgment it had won in 2019 against Queensland dam manager Seqwater got overturned. More from Stockhead.
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.
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.
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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