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News:

15.10.2018

Melbourne/ London, Monday 15 October 2018. Therium Capital Management, a leading provider of litigation finance globally with over $800 million of assets under management, announced today that it is planning to launch a full service offering in Australia on 1 January 2019. Therium Australia will be based in Melbourne. Founded in 2009, Therium Capital Management is one of the largest and most established litigation financing firms in the world. The firm has funded claims valued at $36 billion.

Therium’s full service operations in Australia will be headed by Simon Dluzniak, an experienced litigation funding professional, who has worked in the industry in both Australia and the UK since the early 2000’s.

Within Australia, Therium will finance class actions and general commercial, insolvency and arbitration claims. Therium Australia will also seek to develop the country’s emerging corporate funding and portfolio funding markets. Outside of Australia, Therium Australia will look to fund arbitration claims in Hong Kong and Singapore, both of which are emerging markets for litigation finance.

Therium has funded claims in Australia since 2011 and is currently funding high profile shareholder class actions against financial services firms AMP Ltd and Commonwealth Bank of Australia Ltd, as well as delivery management software company GetSwift Ltd.

Neil Purslow, Co-Founder and Chief Investment Officer of Therium, will be speaking about litigation funding at a Herbert Smith Freehills class action panel in Melbourne on 17 October. He said: “We know the Australian litigation funding market well as we have been active in the country for several years. We are seeing a healthy demand for our services across a range of litigation areas and industries in Australia, so it is the natural moment for us to open an office in the country.

“The market in Australia for litigation funding of class actions, general commercial cases and insolvency matters is both well-established and currently very buoyant. There is also a very substantial opportunity for Australian corporates to use funding as a form of off balance sheet finance, and for us to also provide portfolio funding to them – and the law firms that act for them. Both of these are established funding practices in the UK and the USA.”

Therium has operations across Europe, including in the UK, Germany, Italy, Spain and Scandinavia, and in the USA. Therium was the first commercial litigation funder to be have operations on the ground in Germany and Scandinavia and it was the first European firm to launch a full service business in the USA.

Litigation funding allows individuals and companies to take on litigation and arbitration cases that they might not otherwise be able to afford, and/or to hedge the costs and risks involved in such matters. Therium pays for all of the costs, including adverse costs in the event that the case is lost, and only receives payment if the case is won.

15.10.2018 / Australasia Lawyer

Therium’s plans to launch a full service litigation funding operation in Australia in January 2019 features in Australasia Lawyer.

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15.10.2018 / Litigation Finance Journal

Therium’s plans to launch a full service litigation funding operation in Australia in January 2019 features in Litigation Finance Journal.

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06.10.2018

Therium has been shortlisted in the Insolvency Litigation Funder of the Year category of the TRI Awards, which take place in London on 6 November.

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23.08.2018 / CDR

Elizabeth Korchin appointment features in CDR

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07.08.2018 / Law360

Elizabeth Korchin appointment features in Law360.

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06.08.2018 / Therium

Therium adds to investment team in New York with the appointment of Elizabeth Korchin.

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02.07.2018 / Litigation Finance Journal

Phi Finney McDonald has filed the Therium funded Commonwealth Bank Australia shareholder class action.

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25.06.2018 / Litigation Funding

Tim Mayer’s article in Litigation Funding analyses the International Council for Commercial Arbitration (ICCA) – Queen Mary Task Force’s report on Third-Party Funding in International Arbitration published in April.

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14.06.2018 / Litigation Finance Journal

How Therium and law firm Phi Finney McDonald won the right to lead the GetSwift class action claim in Australia is reported in the Litigation Finance Journal.

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14.06.2018 / Litigation Finance Journal

Tim Mayer’s podcast in Litigation Finance Journal.

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11.06.2018 / Law Society Gazette

A look at law firms moving into funding.

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11.06.2018 / Financial Times

Lex’s take on the growth of litigation funding in the UK.

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08.06.2018 / Daily Telegraph

Litigation fund launched by investment firm Connection Capital funded by Therium.

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29.05.2018

Funding takes centre stage in decision of who leads group claim. Therium had a “clearly preferable funding model” according to Mr Justice Lee and Phi Finney McDonald appointed as a result.

16.05.2018 / Therium

The Brief is full of the firm’s news and views on market developments in litigation and arbitration finance.

Highlights in this issue:

Update from John Byrne and Neil Purslow, Co-Founders, Therium Capital Management
Therium completes first close of new £300 million fund from global institutional investors
Taking advantage of group litigation offerings, by Neil Purslow, Co-Founder, Therium Capital Management
In the spotlight: Q & A with James Oldnall, Partner, Mishcon de Reya

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25.04.2018 / Business Insider

Therium funding of potential class action against AMP is reported in the Australian press.

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17.04.2018 / Financial Review

Class action lawyers to fight over GetSwift.

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16.04.2018 / Law Society Gazette

Elly Brindle appointment features in Law Society Gazette.

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13.04.2018 / City AM

Elly Brindle appointment features in City AM.

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12.04.2018 / Therium

Therium adds to its investment team in London with Elly Brindle.

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03.04.2018 / City A.M

Today City A.M. reveals the varied and surprising names behind a massive £550m legal battle with Lloyds over its takeover of HBOS at the height of the financial crisis – and the cast includes major institutions, aristocrats, vicars and politicians. The groups, which includes institutions such as Goldman Sachs, Nomura Asset …

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29.03.2018 / Financial Times

Car owners in England and Wales wishing to sue Volkswagen for diesel emissions fraud have seven months to join the case at London’s High Court, which on Thursday appointed law firms Leigh Day and Slater & Gordon as joint leads to take on the German carmaker. With some 60,000 claimants already signed up, the …

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29.03.2018 / Reuters

High Court has indicated that it will be recommending the Group Litigation Order for consumers in England and Wales in relations to VW for Dieselgate, subject to the approval of the President of the Queens Bench Division.

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29.03.2018 / Daily Telegraph

London Court set to give the go-ahead to ‘dieselgate’ lawsuit for 60,000 Volkswagen car owners.

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Events:

08.09.2017

Oslo : Therium er blant de ledende litigation funders internasjonalt. Vi har gleden av å invitere til frokostseminar med senior investment officer Nick Moore fra vårt hovedkontor i London.

14.11.2016

New York : Neil Purslow is speaking at Serle Court’s International Trusts and Commercial Litigation Conference in New York.

18.09.2016

Washington DC : John Byrne, Neil Purslow, Eric Blinderman and Patrick Dempsey are attending the IBA annual conference in Washington.

06.09.2016

Oslo : Therium arrangerer et frokostseminar om søksmålsfinansiering i det skandinaviske markedet.

01.07.2016

Barcelona : Neil Purslow gave a talk about funding financial market disputes at the Banking Litigation Network Conference.

19.05.2016

Polonia Palace Hotel, Warsaw : John Byrne spoke at CEE Consulting Group’s Introduction to Third Party Litigation Funding conference.

18.05.2016

Freshfields, London : Tim Mayer was a panellist at the 6th Annual GAR Live London event. The debate, “Getting the client paid”, explored both the legal and practical aspects of enforcement and other means of monetising awards.

12.05.2016

JLT, London : Neil Purslow and Hanif Virji spoke at JLT’s Commercial Litigation Conference. Hanif gave a talk entitled: “Building and funding group actions involving financial markets disputes.” Neil was a panellist for a discussion about trends in third party funding.

20.04.2016

London : Neil Purslow spoke about “The Rise of Litigation Funding in the UK” at AIG’s Corporate Governance Event 2016

03.12.2015

London : Neil Purslow spoke at the International Bar Association’s “Third Party Funding and International Arbitration Conference”

24.11.2015

London : Neil Purslow spoke at the C5 Financial Institutions Regulatory Disputes and Investigations conference on “Litigation strategies at the time of increased regulatory scrutiny” and led a masterclass on “De-risked strategies for recovering losses from defective and inappropriate financial products”.