Wragge Lawrence Graham & Co
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The courts can and will order professional funders of hopeless litigation to pay costs on an indemnity basis
In Excalibur Ventures LLC v Texas Keystone, Excalibur’s claim for $1.6bn in relation to an alleged interest in a profitable oil field in Kurdistan was dismissed, with indemnity costs ordered against it.
In Playboy Club London v Banca Nazionale Del Lavoro Spa, the claimant sought to recover losses it had sustained following a reference given by the bank for one of its customers.
A recent Supreme Court case has turned on its head the position on the limitation period (prescription period under Scottish law) that has been in place for some 40 years.
Accountability — July 2014: expert witnesses must disclose all potential conflicts of interest; and more
Accountability highlights the legal and industry news affecting accountants and other professionals on a range of liability risk management issues.
Finance litigation briefing — May 2014: credit agreement conditional upon survival of supply agreement
In Durkin v DSG Retail Ltd, Durkin entered into a debtor-creditor-supplier agreement to fund the purchase of a computer.
The Royal Court in Jersey has ruled that a private trust company seeking to bring claims for breach of trust could not benefit from empêchement d’agir.
For a duty of care to be established in a personal injury claim, foreseeability of harm on its own is not enough; proximity between the parties is also required.