*Based on track record of ATE Brokers/Underwriters, without whose approval no funds can be lent. Please note that despite any previous success past performance is not a reliable indicator of future results.
Just is an Innovative Finance ISA eligible bond that ultimately uses the investment raised from the bond for litigation funding. Specifically, Just seeks to fund commercial litigation cases focusing on cases against corporations and individuals, one of the areas being professional negligence.
There are many litigants with large cases which they cannot afford to commence, let alone ultimately take to trial. The cost of instigating proceedings and obtaining specialist expert, witness evidence is more than litigants can afford to pay out of their existing resources or income. These are usually already depleted when the Claimant’s business or personal financial situation has suffered as a result of the very issue for which they now wish to sue, and which they cannot now afford to fund.
There are consequently, a significant, and growing, number of businesses in the UK, the US, Australia and Germany who are all offering litigation financing, some of which are listed on the London Stock Exchange.
The cases chosen by the litigation funder will:
The primary risk to the litigation funder is insured, with premiums paid out of the amount which is lent to the litigant as a condition of offering funding. Our experience of the business model dictates that there are two areas when an investor can experience problems without proper protection namely. Specifically, the Non-assignment of the ATE policy to the litigation funder to secure their position and Misappropriation or misuse of investor’s cash.
In order to give investors some peace of mind in both these respects, our parent company, Creative Funding Solutions (CFS) has contracted Knights 1759, a leading 100+ partner law firm to do the following:
After The Event (ATE) Insurance is a single risk policy providing a pre-arranged amount of cover for:
In some cases a limited amount towards “own costs” including Counsel’s fees. The availability of and rates for ATE insurance are case-specific. The risk, (the need to sue), has already arisen. The underwriter sets the rate by investigating the claim and assessing the prospects for and against the case winning. The underwriter’s art is a mixture of legal experience, skill and the application of agreed risk parameters (the risk matrix), through which he can predict the likelihood of cases winning with a good degree of certainty at the preliminary stage.
For more information on Just, or any of our product offerings, get in touch with our team today. Simply fill in your details and we’ll be in touch!