 | | | | What we do | | Litigation is an expensive undertaking. Claimants often find they have a good case but not the financial resources to bring the claim or that they do not wish to accept the legal costs risk associated with litigation financing. Harbour can take care of that expense and provides financial certainty to the Claimant.
We pay, on a monthly basis, throughout the life of the case, all the Claimants' costs associated with the litigation, in return for a share of the proceeds when the litigation succeeds. And if the litigation is not successful, Harbour bears the costs it has agreed to fund. The financial risk for whatever we agree to fund is ours and the Claimant commences civil litigation with the knowledge that the case will be properly run and financed all the way through to trial. Harbour provides funding on what is known as a non-recourse basis, i.e., it is only repayable if the claim is successful and money is recovered.
We provide lawsuit funding for all types of Claimants (whether corporate, Insolvency Practitioners or individuals) for any litigation, arbitration or tribunal claim which has a minimum claim value of £3million. While we focus on England and Wales we do also consider cases in other common law jurisdictions and arbitrations operated under common law rules. Funding can comprise all or part of the costs of the action, depending on the Claimant's needs.
This can include (but is not limited to) all or any of the following: - own side commercial solicitors' costs
- own side barristers' costs
- own side experts' costs
- adverse (or other side) costs - this may be by way of payment for an adverse costs insurance premium, or payment of monies into court to satisfy a security for costs application by the defendant.
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