Litigation funding has taken off over the last few years, with an increasing number of asset recovery cases funded by third parties who are seeking to make a handsome profit. The industry is not without its risks, however. Some cases have backfired spectacularly for participating law firms and funders, leaving them exposed to substantial damages and other liabilities.

This session will look at how and why some cases have gone wrong, including: 

• Liberia v. ACE, primarily litigated in Ecuador, the Cayman Islands and USA;
• Excalibur Ventures v. Texas Keystone, primarily litigated in the UK and USA; and
• Ecuador v. Chevron, primarily litigated in Ecuador, USA, Canada, and Gibraltar.