Harbour Litigation Funding

All articles about Harbour Litigation Funding.

Harbour Litigation Funding has launched a new £150 million funding venture with Mishcon de Reya called MDR Solutions I. It will be used to fund litigation and arbitration cases for Mishcon de Reya’s clients. Operationally separate to the law firm, the new venture will be responsible for assessing and investing in prospective cases originated by Mishcon de Reya. MDR Solutions I will benefit from sophisticated data science capability and expertise which has been built by Mishcon de Reya over a number of years. Harbour will be co-investing alongside the firm. Speaking on behalf of Harbour, CIO Ellora MacPherson stated that “this is fantastic news and the next step in the development of our relationship. We have nine active cases which Mishcon de Reya are advising on and close relationships between the teams at every level of the organisation. We look forward to working even closer together.”
A UK court has ruled against Harbour Litigation in its dispute with Kazakhstan Kagazy, one of Central Asia’s largest paper and packaging manufacturers. The dispute revolved around Harbour's rights to the approximately USD $300 million judgment obtained in a Harbour-backed fraud claim the company brought against its former management and shareholders.
Harbour is funding a consumer group action claim being brought by class-action law firm Hagens Berman against Mercedes on behalf of UK Mercedes drivers affected by emissions-cheating. Hagens Berman has already obtained a US $700 million settlement from Mercedes in the US and has stated that the UK claim could be worth more than £1 billion.

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