Mikołaj (Miko) Burzec’s Post

Bills Targeting Litigation Finance Disclosure and Foreign Funders Make Progress in Louisiana Reporting by Emily Siegel of Bloomberg Law covers the campaign to introduce new rules governing litigation funding in the state of Louisiana, with proponents of the legislation sensing an opportunity to make progress since the state elected a new governor, Jeff Landry. The two bills making their way through the Legislature are: HB336, which would create a Litigation Financing Disclosure Act, and SB355, which would enact ‘transparency and limitations on foreign third-party litigation funding’. In an interview with Bloomberg, Representative Emily Chenevert ,who brought HB336, explained that the turnover in elected representatives provided a fresh opportunity, saying: “The appetite was there already within the legislature and so now it’s like, let’s attempt this and let’s see with a new House and some new senators what could happen.” Dai Wai Chin Feman, managing director at funder Parabellum Capital LLC, spoke out in opposition to Chenevert’s bill but said that SB355 was “acceptable to our industry.” https://lnkd.in/gwZME4eZ #litigationfinance #litigationfunding #legalfinance #legalfunding #litfin #regulatory

Since inception Burford Capital has been committed to educating the market about commercial legal finance -- and in that spirit here's an overview of 2023 research findings that point to important 2024 trends > https://lnkd.in/ezkCFJKx

Who's giving the work and who's getting the work in the very interconnected world of private equity advisory. This infographic from Law.com International gives an idea. Kasvi Sehgal Paul Hodkinson https://lnkd.in/ermFRcyg

#LitigationFinancing has become a hot topic in recent years. In a nutshell, litigation financing is an arrangement in which a person or an entity that is not a party to a lawsuit or an attorney representing a party pays for a party's litigation-related expenses in exchange for receiving some form of payment that is contingent on the outcome of the lawsuit. Currently, Louisiana law does not explicitly regulate third-party litigation financing arrangements. But, perhaps that won't last much longer. House Bill 336, which was recently pre-filed ahead of the upcoming 2024 #RegularSession, seeks to create the "Litigation Financing Disclosure Act." Among other things, the proposed legislation enumerates several definitions pertaining to litigation financing, mandates the disclosure of any litigation financing contract (one of the Act's defined terms) to all parties in a case without awaiting another party's request for it in discovery, and provides that the existence of litigation financing and all participants in such arrangements are discoverable in all civil actions. H.B. 336 joins a growing list of very important litigation-related bills to be examined by our legislators over the next several weeks. #LouisianaLaw #LouisianaPolitics #LitigationFinance #LitigationFunding

Have you read our 2024 Legal Finance Outlook? Here are some facts and figures about Burford’s deployment of capital and its use since 2009: - We’ve deployed $7.7 billion in commercial litigation and arbitration - We estimate that we’ve created anywhere between $3.4 billion and $9.2 billion in additional value - We saved businesses $1.7 billion in potential interest rate payments by allowing them to tap into our non-recourse funds - In real terms, we’ve purchased 13.3 million lawyer hours, or, put differently, 456 Partners billed 1900 hours a year for 15 years using our money Take a look at the article below and if you want to chat about the use of legal finance and how Buford can invest in your legal assets, please reach out! Burford Capital #legalfinance #litigationfunding #alternativeinvestments #funds #capital #arbitration #litigation #commercial

'Lawfare' class-action law firms: how Americanised does Australia want to become? (I ask the question. I paste excerpts from this article. I make very little comment). ➡️There is absolutely a place for #classaction litigation against unscrupulous, corporate, usually multi-national deep-pockets. ❓️But where is the line? Excerpts: "#Business groups warn #shareholders could be hit with billions of dollars in #lawsuits backed by deep-pocketed #hedgefund investors under the Anthony Albanese government’s free-for-all class-action setting.... ...The Business Council of Australia [and] the Australian Chamber of Commerce & Industry (ACCI)... warned the arrival of ▪️overseas▪️ #lawfirms backed by big #litigationfunders had the explicit goal of waging #lawfare on the #ASX." “These kinds of #litigation funders are really a distortion in the legal system, and it’s motivated almost purely by a motive of wanting to make money,” Mr McKellar said, adding that sometimes cases just amounted to a #shakedown... “The net result of this is likely to be significant costs and risk for shareholders. It detracts from legitimate #business #investment, and it is an additional risk that is only going to undermine future investment in Australia. We don’t need the further #Americanisation of our #legalsystem.” ➡️That last sentence? Hard to disagree? I think so, except for the far above caveat. Sometimes, in extreme scenarios, it is the only way to see mass #justice. #auslaw ##auspol #lawyers #lawfirms HHG Legal Group Murray Thornhill FANZCN, TEP https://lnkd.in/geD3ZRDV

Join us at the Paris Arbitration Week, where Paris Arbitration Centre, by Delos will host “Fund Time” to be presented by Profile Investment (Pi) founder, Iain C. McKenny over a midweek breakfast in the light-hearted style of a talk show. A panel of 4 distinguished guests with “real time” experience of litigation financing will debate the pros and cons of working with funders in a no holds barred debate discussing issues such as: - “Is the relationship between law and finance, parasitic or symbiotic?”; - “Does litigation financing deter reasonable settlement?”; - “Are law firms service providers and if so, is the rise of the hybrid law firm/fund desirable or inevitable?” and - “Does disclosure of litigation financing have an unspoken impact on quantum?” Register here: https://lnkd.in/e5HMSp2r

Worth downloading for a quick read with insights from Burford’s 15 years in legal finance.

Today, we published our annual Legal Finance Outlook, highlighting the latest trends in legal finance. “Burford Capital has come a long way since our founding in 2009…As we enter our 15th year in business, we’ve built a more than $7 billion portfolio of commercial litigation and arbitration assets. “In 2009, we were focused on helping businesses and law firms use legal finance to address the significant challenges they faced in the wake of the great recession. In our 15th year, we’re better positioned than ever to help our clients navigate the uncertainties of this moment.” – Burford co-founders Christopher Bogart and Jonathan Molot Download the full Legal Finance Outlook below. #legalfinance #litigationfunding #BurfordCapital 

From its roots as a funder of litigation cases, Harbour has expanded to investing in legal businesses themselves. Managing director and chief investment officer Ellora M. explains the market drivers that motivated this evolution in its financial offerings. READ NOW: https://bit.ly/3uuDeIl #lawfirms #legalmarket #legalbusiness