Claims Funding Europe Ltd. is a litigation funding company based in Dublin, Ireland. We provide real access to justice for individuals and companies by funding multi-party cases in appropriate jurisdictions in Europe and other parts of the world. Our mandate is to identify, fund, manage and resolve multi-party litigation (i.e. where significant numbers of potential claimants are involved) on behalf of victims of corporate misconduct, mainly cartel and securities actions.
Claims Funding Europe is funding litigation in the Netherlands on behalf of shareholders from all over the world who suffered losses when the share price of Steinhoff International Holdings NV collapsed in December 2017. The company is also co-funding multi-billion Euro lawsuits against Volkswagen AG on behalf of shareholders and bondholders who suffered losses after it was revealed that Volkswagen had fitted ‘defeat devices’ to its cars. Claims Funding Europe is also funding other shareholder actions in Germany, Italy and Japan. Claims Funding Europe is currently funding and supervising the largest cartel damages case ever commenced in Europe on behalf of customers that were overcharged as a result of the air cargo cartel. The company is also funding litigation brought on behalf of victims of the 1997-2011 European truck cartel.
Claims Funding Europe is owned by Australia’s premier class action law firm, Maurice Blackburn Lawyers and International Litigation Funding Partners Pte. Ltd. Maurice Blackburn Lawyers employs 1200 staff and has conducted each of the five largest class action cases in Australian legal history, obtaining more than $2 billion on behalf of the victims of corporate misconduct
Many individuals and companies with legitimate legal claims do not pursue them because of the high cost and risks associated with litigation. Litigation funding enables the victims of corporate misconduct to seek reparation without the risks, costs and inconvenience of managing the litigation themselves.
Access to Justice
Many individuals and companies with legitimate legal claims do not pursue them because of the high cost and other risks associated with litigation. By agreeing to assume the risk and paying all the costs, Claims Funding Europe is providing access to justice for parties with genuine claims.
Eliminate Unmeritorious Claims
We carefully scrutinise the many cases that are brought to us and we only underwrite a very small percentage of them. Our thorough due diligence ensures that only cases that have substantial merit and good prospects of success are selected. This helps to rid the courts of dubious claims, thereby saving court time and resources.
Better Corporate Behaviour
By underwriting actions on behalf of the victims of corporate misconduct, we help raise standards of corporate behaviour. The level of cartel activity in Europe in recent years is scandalous, in spite of record fines being imposed by the European Commission and national regulatory bodies. It seems that fines on their own are insufficient to deter cartel behaviour. However, if cartelists are required to pay money back to their victims, it is likely the standards of corporate behaviour will improve.
Advocate Changes to Law
We regularly make submissions to relevant bodies such as the European Commission and the UK Civil Justice Council to facilitate access to justice for potential litigants who cannot get access on their own. We seek to ensure that the very positive role that litigation funders play in society is recognised and encouraged. We support law changes which reduce the incidence of corporate misconduct.