Litigation funding – where a plaintiff’s litigation effort is financed by a third party in exchange for a portion of the proceeds of the case – is an established practice in jurisdictions such as the US and the UK, and is now becoming a regular feature of Canadian litigation, especially in the insolvency context. In this episode, hosts Ailsa Bloomer and Andrew McCoomb welcome our first industry guest to the podcast: Paul Rand is chief investment officer at Omni Bridgeway, a global litigation finance company that funds commercial disputes and enforcement proceedings around the world. Joining Paul is Arad Mojtahedi, associate in our Montréal office practising commercial litigation and insolvency proceedings under Canada's Companies’ Creditors Arrangement Act.
For more information: The reverse vesting order is here to stay: Continued innovative use of the Companies’ Creditors Arrangement Act to save distressed companies and Authority to bar a creditor from voting and litigation funding as interim financing: The Supreme Court of Canada’s ruling in Bluberi. https://www.nortonrosefulbright.com/en-ca/knowledge/publications/5507aa9a/the-reverse-vesting-order-is-here-to-stay
https://www.nortonrosefulbright.com/en/knowledge/publications/6fc915d1/authority-to-bar-a-creditor
This episode qualifies for 39 minutes of CPD credit in Ontario and 40 minutes of CPD credit in British Columbia.
