Close

Governance Retail Insolvency Professional Negligence

Accountants’ Professional Negligence

The Case

This case involved a whitewash report which it was said was negligently prepared by accountants, resulting in the approval of a transaction which caused the company to become insolvent shortly afterwards.

Why It’s Significant

The case was pursued using litigation finance by the liquidator of the company who otherwise lacked the resources to pursue the claim.

Therium’s Solution

With the benefit of litigation finance to take the case to a conclusion, the liquidator was able to commence the claim and achieve an early settlement and recoveries to the creditors.

Specialism

Professional Negligence / Insolvency

Sector

Retail

Meet The TeamThe Team

Case Studies

Financial Services Insurance Natural Resources Breach of Contract Insolvency Insurance

Insurance Coverage Claim

The Case

The claim alleges that a global insurance company breached its contract of insurance with its client, an industrial company, by failing to pay out for losses due to Business Interruption.

The Company was placed into liquidation and the Liquidator is now pursuing the claim against the insurer. 

Why It’s Significant

The case relates to the topical issue of business interruption insurance, a source of much litigation arising out of the COVID-19 pandemic.

Therium’s Solution

Therium’s funding provides the liquidator with resources to bring the claim.

Specialism

Breach of Contract / Insurance / Insolvency  

Sector

Financial Services / Natural Resources / Insurance

Case Studies

Energy Breach of Contract Insolvency

Insolvent Contractor Claim

The Case

Contractual dispute on behalf of an insolvent contractor over final settlement of Engineering, Procurement, Construction and Installation work offshore.

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 Solution

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.

Specialism

Breach of Contract / Insolvency

Sector

Energy

Case Studies

Financial Services Fraud/Dishonesty Insolvency

Liquidator vs. Global Bank

The Case

Therium has funded several claims brought by liquidators of companies against a financial institution arising out of carbon-credit fraud in which the companies, their former directors, and the financial institution, were involved. 

Why It’s Significant

The companies had insufficient assets to fund the liquidators’ claims, so litigation funding, coupled with a variety of contingency-fee arrangements with the professional team, enabled the claims to proceed.  The case centred on dishonesty and accessory liability and was therefore evidentially complex. 

Therium’s Solution

The primary claims settled successfully, disclosure providing further claims to be made against further parties involved in the underlying transactions.

Specialism

Insolvency / Fraud

Sector

Financial Services

Case Studies