Burford Capital is the leading global finance and professional services firm focused on law.
Our businesses include litigation finance, insurance and risk transfer, law firm lending, corporate intelligence and judgment enforcement, advisory and professional services and a wide range of investment activities.
We help law firms find new ways of working with clients—maintaining profitability and fueling growth.
We’re publicly traded with more than a half-billion dollars devoted to litigation and arbitration.
Our team is made up of litigators, investment bankers, and veterans of the world’s largest firms and companies. We’re experts in the economics of law.
Calunius Capital is the investment adviser to the Calunius Funds. The Calunius Funds provide finance for the legal and associated costs of large international arbitration and litigation disputes. The Calunius Funds also provide funding for adverse costs to be paid in the event that proceedings are unsuccessful and the costs of the other side have to be paid. In addition to funding legal costs, the Calunius Funds also provide corporate funding to assist businesses in managing their cash flows during sometimes lengthy proceedings.
The Calunius Funds hold more than €100 million in capital commitments from institutional investors, and with whom, co-investment agreements are in place. This means that no case is too large for the Calunius Funds.
In a still nascent industry, the team at Calunius Capital stands out. Our combined years of experience of funding litigation in both common and civil law jurisdictions now approaches half a century. We have been regulated by the Financial Conduct Authority since 2007; we are also registered with the SEC (US) and the GFSC (Guernsey).
Calunius Capital is recognised as a market leader in the funding of Commercial Arbitration and Investor-State Arbitration. We fund both commercial claims, typically contractual disputes between business entities, and investor-state arbitrations arising from expropriations or other breaches of bilateral investment treaties.
Several of our funded cases are publicly disclosed under English and Canadian stock exchange rules:
Calunius finances Oxus Gold, an English company listed on AIM, in its expropriation dispute with the government of Uzbekistan.
Calunius provides capital to Rusoro Mining Limited, a Canadian company listed on the Toronto stock exchange, in its expropriation dispute with the government of Venezuela.
Calunius is funding Stans Energy Corp, a Canadian rare earth metal development company, in its international arbitration proceedings against the Republic of Kyrgyzstan.
The Calunius Funds also provide litigation funding to cover the costs of commercial litigation disputes under many different national laws and jurisdictions, which include:
Common Law Jurisdictions, such as UK, Australia, New Zealand, Canada, USA, Bermuda, BVI, Cayman Islands, Jersey ad Hong Kong.
Civil Law jurisdictions, such as Scandinavia, Germany, Netherlands, Belgium, France, Switzerland and Spain.
Examples of publicly disclosed commercial litigation cases funded by the Calunius Funds include:
Funding for the owners of the music rights of Elvis Presley (including the estate of Elvis Presley) in a copyright dispute with Sony before the German courts.
European competition law claims against cartel members, which follow-on from a regulatory finding (in conjunction with the Cartel Damages Claims Group). The claimant companies include multi-billion dollar businesses.
Finding capital for arbitration, worldwide
ClaimTrading Ltd was founded in 2011 with a view to introducing liquidity in the rapidly growing market of financing legal claims. Through ClaimTrading creditors can access the largest pool of capital available to help mitigate arbitration or collection risk. We work with a diverse set of investors in North America, Europe, Asia and Australia, managing several billions of USD, who are all looking for alternative investment opportunities in contentious legal matters worldwide.
Investors cover all the legal costs involved in litigation on a non-recourse basis. Only if there is successful recovery from the respondent, investors will recover their investment and any potential return. Investors also offer to buy awards or judgments prior to enforcement proceedings.
Through ClaimTrading’s brokerage service, claimholders can explore all available options for financing their legal claims and make the best informed financing decision. We are retained by the claimholder, whether a corporate, fund, government agency or individual, and work in their best interest.
We have represented claimholders looking for capital investments ranging from USD 250,000 to USD 75 million, holding claims with estimated values ranging from USD 2 million to more than USD 3 billion, and award/judgment creditors looking to monetize assets with values ranging from USD 10 million to USD 250 million.
Some examples of transactions we have arranged:
Arbitration funding for EU-based investor in renewable energy project:
ICSID and Energy Charter Treaty arbitration against EU member state
Funded by UK-based litigation finance provider
Arbitration funding for listed Canadian mining company Rusoro Mining:
ICSID arbitration against Venezuela
Funded by UK-based Calunius
Recovery of defaulted loan for a European Bank and an Export Credit Insurer:
HKIA arbitration under Singaporean law
Collection Agreement with Asia-based fund