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IN BRIEF: Litigation Capital Management to fund Comet liquidation claim
Wed, 23rd Jun 2021 20:33
Litigation Capital Management Ltd - alternate asset manager - Says it has entered into an agreement to provide a litigation finance facility to Geoffrey Carton-Kelly, a partner of FRP Advisory, additional liquidator of CGL Realisations Ltd, which until October 2019 was known as Comet Group Ltd. The litigation finance agreement will cover proceedings issued in the High Court against Darty Holdings SAS.
Chief Executive Officer Patrick Moloney commented: LCM has been financing claims of this nature since its inception 23 years ago. We are very comfortable funding into the insolvency and restructuring sector. Over time, we expect to see increased applications from this part of the market.