Our litigation funding experience
Stephensons acted on behalf of Insolvency Practitioners - TH Associates - to help pursue a substantial claim on behalf of creditors. Jonathan Taylor of TH Associates had been appointed as liquidator of the insolvent company.
Not wishing to put the limited creditors funds at risk, yet knowing the claim had to be pursued in their best interests, TH Associates explored litigation funding with Stephensons.
All options were considered by Stephensons, in detail, to progress the claim. Following consultation with the client, Stephensons oversaw the assignment of the claim to a litigation funder, negotiated terms and then pursued the claim to settlement. This guaranteed that the creditors funds would be secure and the risks were passed to the litigation funder resulting in a dividend to the creditors.
Jonathan Taylor from TH Associates, said “I was delighted with the way in which Stephensons helped us through a complex and time consuming case of litigation funding. We were very satisfied with the outcome which exceeded our expectations.
“Nicola Whittle and the team demonstrated an acute knowledge and understanding of alternative funding options and were thorough and attentive in the service they provided. I would not hesitate in recommending Stephensons.”
Stephensons acted on behalf of a client who was pursuing significant financial losses as a result of a complex and costly breach of contract claim.
In order to negate financial risk, the client was exploring various litigation funding solutions.
Using established contacts within the litigation funding sector, Stephensons liaised with a market leading litigation funding provider, and secured essential funding in circumstances where time and funds available were limited.
Partner and commercial solicitor, Alistair Gregory, managed the process throughout, working alongside the client and barrister to promote an integrated approach. The assistance, expertise provided resulted in a successful application and a six figure sum of funding was secured, allowing the case to proceed.
Stephensons acted on behalf of Alan Coleman of Royce Peeling Green Limited (RPG) in his capacity as liquidator of an insolvent company to recover a substantial asset on behalf of creditors that had been transferred from the company by to associated companies in breach of the Insolvency Act 1986
It was critically important to the creditors that the claim was to be pursued as this was the only asset in the liquidation. The complex factual matrix coupled with insufficient assets in the estate meant that alternative funding was needed to pursue the claim.
Stephensons worked through the many options in detail to progress the claim and guided Mr Coleman to the right solution. For Mr Coleman, the route to pursue the claim was through a Conditional Fee Agreement supported with an after the event policy. Stephensons managed the process and put all the necessary documents in place for Mr Coleman to secure the funding and insurance. Without the funding being in place the claim would never have been pursued and we would never have achieved the court’s judgment which the creditors deserved.
Mr Coleman of RPG said “I was very pleased with how smooth Stephensons made the process of arranging the conditional fee agreement and after the event insurance. Without Stephensons’ help we would have never been in a position to press ahead with the claim and I would not hesitate in recommending Stephensons."