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Mintos, a global platform for investing in loans, has stopped working with UK-based litigation financier Fenchurch Legal due to the “potentially increased reputational risk” arising from the liquidation of Fenchurch’s former parent company. Mintos advised investors that many Fenchurch loans are taking longer than expected to settle due to the impact of the pandemic on the cases that Fenchurch has been funding.
AxiaFunder, the UK-based crowdfunding litigation funder, is set to switch to a ‘tax efficient’ partnership model. The platform, which has been operating with an equity model of offering shares to investors in a company set up for cases, will switch to a limited partnership model in a few weeks. Founder and chief executive Cormac Leech said the partnership structure is more tax efficient, as the limited partnership company does not pay tax but rather passes all the earnings on to the investors who pay the tax.

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