Case Study

European Bank

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An example of funding being used by well-capitalised organisations to move the costs of a hard-fought £400m+ action from their balance sheets.

Harbour helped set-up the group to fight it’s claim that the defendant has misrepresentedit’s position during a rights issue.

Funding enabled a top class legal team and an efficient review of more than 1 million documents disclosed by the defendant and take out adverse costs cover. Shortly before trial, settlement discussions took place, including a 2-day mediation, and the action concluded with a favourable settlement.