Harbour Litigation Funding

All articles about Harbour Litigation Funding.

Italy is seeking to annul a €190 million ICSID award obtained by Rockhopper Exploration in litigation backed by Harbour Litigation Funding. The funding agreement does not cover any costs arising past the date of the award (23 August 2022), and Rockhopper is currently considering funding possibilities to fund both fighting the annulment and enforcing the award if required.
Rockhopper Exploration, a UK-based international oil and gas exploration and production company with key assets in the North Falkland Basin, has announced a successful arbitration award in its case against the Republic of Italy, with compensation set at EUR 190million plus interest. Harbour Litigation Funding provided financing for the case.
The International Legal Finance Association (ILFA) has announced its new board of directors, its chairman, and the executive committee. Gary Barnett, Executive Director of ILFA, welcomed Neil Purslow, who co-founded Therium, as the new Chairman. The Executive Committee Officers include: Christopher DeLise of Delta Capital, Susan Dunn of Harbour Litigation Funding, Jack Neumark of Fortress Investment Group LLC, Andrew Saker of Omni Bridgeway and Marcel Wegmüller of Nivalion.
Tory backbencher Kevin Hollinrake has called on the government to close the “loopholes” that have allowed UK professional services firms to continue carrying out bankruptcy proceedings on behalf of the Russian state. The Conservative party MP accused accountancy giant Grant Thornton, litigation funder Harbour, and London law firm CMS of undermining the UK’s efforts to “restrict the Kremlin’s access to funds,” by carrying out bankruptcy proceedings against Russian oligarch Alexey Motylev. A spokesperson for Harbour noted that the litigation funder had not been involved in the case since June 2021.
Harbour has struck a £2m deal with specialist law firm Morgan Sports Law to offer professional footballers an innovative funding scheme which takes the risk out of pursuing claims before the FIFA Dispute Resolution Chamber, the global football organization's dispute resolution court, and the Court of Arbitration for Sport. The £2 million credit facility will assist our clients in pursuing legal disputes without any upfront costs, and no fees to be paid if the case is unsuccessful. All legal fees and disbursements will be funded by the facility. 
Paul Taylor, Iona McCall and Gordon Stevenson of AlixPartners question whether the concerns about tie-ups between law firms and funders are truly justified, drawing on a recent panel discussion in which senior executives from Hausfeld, Willkie Farr and Harbour argued that concerns around independence, conflicts of interest and a potential restriction of choice for those seeking funding do not tally with reality.
£72 million seized from a Swiss bank account and a portfolio of luxury London properties can be sold off in the pursuit of £300 million stolen by the former head of an international paper company, the UK High Court has ruled. The Kazakstan-based KK Group has spent years chasing its former chief executive, Maksat Arip, after he was found to have siphoned off huge sums of money with the help of chief financial officer Shynar Dikhanbayeva. “This is a momentous milestone in successfully enforcing a very valuable judgment”, said Mark King, Senior Director of Litigation Funding at Harbour, the funder bankrolling the enforcement efforts.

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