litigation funding

Ashurst colleagues Anna Morfey, Tim West and Max Strasberg look back on a significant year in the world of anti-trust and collective actions, including issues stemming from certification, post-certification and case management. They also consider what’s in store for 2024.

In 2023, a lot happened in a short space of time in the class actions landscape. In this episode, Ashurst’s expert panel summarises the most notable changes, trends, and cases – and highlight issues to watch out for in 2024.

The podcast reflects on an action-packed year for the UK’s Competition Appeal Tribunal (CAT), including significant developments in certification processes for class actions. The panel also discusses several cases stemming from post-certification issues and considers what this tells us about the CAT’s likely approach in future. And, of course, they cover the Supreme Court’s judgement in PACCAR, which was big news for the collective actions regime and litigation funding more broadly.

To listen to previous episodes in this class actions mini-series, subscribe to Ashurst Legal Outlook on Apple Podcasts, Spotify or wherever you get your podcasts.

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.

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This episode looks beyond the hyperbole to explain how litigation funding is (and isn’t) likely to be impacted by the recent PACCAR Supreme Court judgment.

Tim West, Partner in Ashurst's Dispute Resolution practice is joined by Anna Morfey, a Partner in Ashurst's competition litigation team and Rosie Ioannou, Director – Legal Assets at Fortress Investment Group.

While some are ringing alarm bells after the PACCAR judgment, this podcast provides more measured analysis. Tim, Anna and Rosie discuss the likely impacts on the litigation funding industry (which have been overstated in some quarters) and explain what it could mean for collective actions currently before the Competition Appeal Tribunal.

More broadly, Rosie calls for better understanding about the role of funding, its position in the market, and the positive impact it has.

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.

See omnystudio.com/listener for privacy information.

In the aftermath of the UK Supreme Court’s PACCAR judgement, Ashurst’s Matt Pentecost and Anna Morfey explain what this means for litigation funding.

In this, the first episode of our specialty finance mini-series, we shed light on litigation funding as an asset class and the challenges presented by the UK Supreme Court’s PACCAR judgement.

Ashurst’s Matt Pentecost and Anna Morfey explain the details and significance of the PACCAR case, including the difference between opt-out and opt-in class actions and the broader application of the Competition Appeal Tribunal regime beyond traditional competition claims.

The duo discuss the market’s response, with some agreements being redrafted to make the damages-based elements severable. They reflect on anticipated legislative changes and how the current uncertainty could impact structured finance transactions.

This episode is a precursor to the DealCatalyst Specialist Lending Conference in London on 16 November, which will delve into specialist finance, including litigation funding. To follow Ashurst’s continuing specialty finance podcast mini-series, subscribe to Ashurst Legal Outlook on Apple Podcasts, Spotify or wherever you get your podcasts.

The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Listeners should take legal advice before applying it to specific issues or transactions.

See omnystudio.com/listener for privacy information.

Scott Pelley reports from Ukraine, where more than 1,000 children are fighting cancer amid Russian attacks on hospitals and the power grid, putting their lives in immediate danger. A renowned American hospital and 21 countries have stepped in to help. Lesley Stahl reports on litigation funding, a relatively new, multi-billion-dollar industry where investors fund lawsuits in exchange for a slice of the award. It can be lucrative and can help level the playing field against big corporations with deep pockets. But it’s growing rapidly with little rules or oversight. Bill Whitaker reports from the Sanctuary of Our Lady of Lourdes, a Marian shrine in southern France and the site of 70 medical miracles recognized by the Catholic Church.

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Alex Hulbert is a Director and Chief Operating Officer at Schneider Financial Solutions, the litigation finance provider to the matrimonial and private clients sectors and listed within the footsie 1000.
 
Unlike many in the sector, Alex is uniquely positioned having been a qualified solicitor since 2012. And before joining Schneider Financial Solutions was in practice at two of the most respected private client and matrimonial law firms in the UK. 

Find more information and resources here: http://saradavison.com/

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Alex Hulbert is a Director and Chief Operating Officer at Schneider Financial Solutions, the litigation finance provider to the matrimonial and private clients sectors and listed within the footsie 1000.
 
Unlike many in the sector, Alex is uniquely positioned having been a qualified solicitor since 2012. And before joining Schneider Financial Solutions was in practice at two of the most respected private client and matrimonial law firms in the UK. 

Find more information and resources here: http://saradavison.com/

Follow me on social media►
Instagram: https://www.instagram.com/saradavisondivorcecoach/
Facebook: https://www.facebook.com/SaraDavisonDivorceCoach
Twitter: https://twitter.com/SDDivorceCoach
LinkedIn: https://www.linkedin.com/in/sara-davison-742b453/

In the latest episode of our Building Resilience series, Litigation Partners Stephen Goldie and Iain Rutherford discuss the growing trend for litigation funding.

The information in this podcast was correct at the time of recording. The podcast and its content is for general information purposes only and should not be regarded as legal advice. This episode was recorded on 05/03/2021.