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News
July 25, 2017

In the News Today – July 25, 2017

Litigation Funder Claims Almost Half of $324 Million Award: Litigation funder Burford Capital stands to make roughly $140 million for a $324 million recovery against the government of Argentina. The case, Teinver v. The Argentine Republic, was brought in 2008 on behalf of Spanish operators of the airlines Aerolineas Argentinas and Austral-Cielos del Sur. In a lengthy decision a three-person panel found the airlines were expropriated in violation of the 1991 bilateral investment treaty between Spain and Argentina. With Burford raking in more than 10 times its initial investment of $13 million, this case offers a “rare glimpse into just how much of a share funders can walk away with” after investing in litigation. (The American Lawyer

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