Legal Finance SE, through its subsidiary Legal Finance International GmbH (Düsseldorf), has entered into a litigation financing agreement for an international damages case with an amount in dispute of up to EUR 1.1 million.
In August 2023, Legal Finance had entered into an option agreement, securing the exclusive right to finance the process. On 13 October, Legal Finance exercised the option.
Legal Finance is thus financing a major international case concerning damages, with a total value in dispute of up to €1.1 million.
The funding of further claims and ancillary litigation arising from related matters is currently being negotiated.
The complex, international case involves several jurisdictions, including non-European jurisdictions, and is actionable. Since the conclusion of the option agreement, Legal Finance has studied the further extrajudicial developments of the case and carried out further checks.
As usual, Legal Finance is only involved in the financing of the proceedings and does not intervene in the litigation. The proceedings are conducted purely by the claimant through experienced litigators.