Singapore reaffirms the applicability of legal finance in corporate insolvencies

Quentin Pak of Burford Capital reports that the Singapore High Court has recently allowed the liquidator of insolvent Castlewood Group to enter into a litigation funding arrangement, with the court’s brief remarks on the decision providing another indication that the use of legal finance in insolvency is becoming more established in Singapore in Singapore reaffirms the applicability of legal finance in corporate insolvencies.

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A report on class action recoveries: Why companies opt out and what they stand to gain

New research commissioned by Burford Capital demonstrates that companies that choose not to opt out of a class action proceeding do so for economic reasons, and that companies with large claims stand to recover more and can preserve their budgets by using legal finance as part of their opt out strategies. The research also shows that companies already using legal financing are opting out three times more often than their competitors.

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