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Subscribe to this list via RSS Blog posts tagged in commercial legal funding

S&G (Slater & Gordon) solicitors has confirmed that it will be proceeding with its legal action against Watchstone PLC over claims that its acquisition of legal services business Quindell was based on fraudulent misrepresentation, together with breach of warranties provided as part of the deal.

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A recent judgement at the High Court in London has seen the Post Office being ordered to pay over £5 million in legal costs resulting from its ongoing legal dispute with former Post Office workers.

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Kazakh businessman Ilyas Khrapunov has been ordered by the High Court in London to provide full details of how he is funding litigation against him and who is providing the funding for his legal expenses. Khrapunov is the son in law of Mukhtar Ablyazov, who is being accused of misappropriating $6bn from Kazakhstan’s JSC BTA Bank prior to its nationalisation in 2009.

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Latest News

  • Providers of professional indemnity insurance in the UK have revealed the massive increases in premiums over the past two years for Architects, Builders and Surveyors following the Grenfell Tower tragedy in June 2017. The high-rise fire at Grenfell, in which 72 people died and 70 more were injured, was the UK’s worst residential fire since the WW2. As well has having a big impact on fire safety procedures and the construction and refurbishment methods that are used for high-rise buildings, the rise in professional indemnity premiums – by more than 200% in some cases – may put future developments at risk as professionals find it hard to afford cover. Professional indemnity insurance (‘PI Insurance’) is a type of insurance designed to protect businesses in the event that a client deems work produced or professional advice provided as inadequate. PII is designed to... Read More

  • September’s annual report from litigation funding business LCM has highlighted the overall lack of choice and competition in the UK’s litigation funding market. The report from the Australian based funder also highlights that the market for claimants seeking to fund litigation as a pro-active choice, rather than through financial necessity, is “almost entirely unaddressed”. According to LCM, most competition for litigation funding in the UK has been focussed on individual, one-off claims in specific market sectors where a business or individual litigant has no option other than to finance their claims this way. Whilst the UK litigation funding market shown steady growth over the past few years, market analysis suggests that only approximately 3-7% of cases were funded by significant litigation financiers. Commenting in the report, LCM CEO Patrick Moloney said that this pattern of funding was a result of there being... Read More

  • Pink Floyd legend and multi-instrumentalist David Gilmour has become embroiled in a contract dispute with the composer of a well-known and popular jingle that can be heard at train stations throughout France. The jingle, originally composed by Frenchman Michael Boumendil, is used by French national railway company SNCF throughout its 20,000 mile network. Gilmour, who joined Pink Floyd in 1967, first heard the jingle when travelling across France in 2013. In an interview with Le Parisien in 2015, he claimed that the up-baet 2-second piece made him “..want to sing and dance”. Gilmour subsequently contacted sonic branding specialist Boumendil, asking if he could use the jingle in a separate song. Alledged breach of contract Once Boumendil realised that the request was genuine and that he wasn’t being pranked, an agreement was reached between them and SNCF in 2015 and Boumendil received a co-writing... Read More