Burford Capital

All articles about Burford Capital.

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.
Burford Capital, through its wholly owned subsidiary Woolridge Investments LLC, is funding the budgeted cost of arbitration for ASX-listed Greenland Minerals in its dispute with the Government of Greenland and the Government of the Kingdom of Denmark. After more spending more than ten years and investing over $130 million into its Kvanefjeld rare earths project in southern Greenland, development of the company's project came to a halt in December 2021 due to a new law banning uranium mining.
Andrew Cohen of Burford Capital reviews the first decision from the New York Appellate Division that directly addresses the discoverability of legal finance materials, noting that the ruling in Worldview Entertainment Holdings Inc. v. Woodrow affirms the denial of a motion to compel production of, inter alia, litigation funding documents, as the defendant failed to explain "how discovery about litigation financing and witness payments would support or undermine any particular claim or defense."
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.

Before You Go

Never miss a thing in the litigation finance market.