Nick Rowles-Davies of litigation funder Burford considers the new financing options being explored in insolvency litigation.
The UK insolvency space is changing, due to both market and legislative changes. To manage costs more effectively and still fulfill their duties to estate beneficiaries, office holders are increasingly exploring new financing optionsincluding innovative financing structures that enable trustees to pursue a wide range of cases.
Insolvency litigation poses a unique challenge. At the most basic level, legal claims often represent a crucial asset for insolvent estates, as theyre often the only means of recovery for unsecured creditorsbut pursuing those claims requires capital and an appetite for risk that are g…
Read the full article at: http://www.globallegalpost.com/blogs/commentary/the-transformation-of-uk-insolvency-litigation-45858698/