Litigation funding in Jersey

By Gillian Robinson

The recent case of Barclays Wealth Trustees (Jersey) Limited as trustee of the R2R Bulgaria Property Fund & Others v Equity Trust (Jersey) Limited & Others [2013] JRC094 provides further clarification as to the position of third-party litigation funding in Jersey. The claim itself was by the current trustee and manager of certain funds which had been invested in land in Eastern Europe. The claim was against the former trustee and manager and was for breach of trust, breach of contract and breach of fiduciary duty.

After the commencement of proceedings, the plaintiffs entered into a third party funding agreement with Harbour Litigation Investment Fund LP.

On being informed of this, the defendants issued a summons seeking to strike out or stay the proceedings on the basis that their continuance with the funding agreement was contrary to the law of Jersey and/or an abuse of the Court’s process. The matter was originally heard before the Master who dismissed the summons. The defendants then appealed to the Royal Court arguing that the matter should be stayed (rather than struck out) so that it could be permitted to continue without the benefit of funding…

If you are registered and logged in to the site, click on the link below to read the rest of the Appleby briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Appleby

View more briefings from Appleby

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

1st Floor
3 Copthall Avenue
London
EC2R 7BH
UK
http://www.applebyglobal.com

Total staff: 528
Partners: 64