Why It’s Significant
With funding, the insolvency practitioner was able to engage an experienced litigator and re-start the claim which had been stayed due to the bankruptcy. Court mediation was initiated and the claim was settled successfully.
Therium’s funding of the bankruptcy estate gave the insolvency practitioner certainty that a full litigation process through all court instances was financially feasible, facilitating early settlement.
Breach of Contract / Insolvency