Stonward
The Director and Head of Legal Assets of Stonward, Guido Demarco, has published an OpEd in El Confidencial regarding the debate sparked by the legislative reform proposal in Spain to regulate the retribution of litigation funders in class actions. Read More
We are pleased to announce that we have been rated once again under Litigation Funding | Litigation Support by leading international legal directory Chambers & Partrners | Europe-wide 2024. “Stonward was formerly a litigation financing broker but has now repositioned itself in the market as a funder and is active in commercial litigation, mainly focusing on the Spanish market.” says Chambers & Partners, speaking about what the team is best for. Specialist lawyer Guido Demarco is rated by Chambers & Partners once again as notable practitioner in Band 2, stating that “he is head of legal assets at Stonward and…
“Guido Demarco, head of legal assets at Stonward, talks to Leaders League about the most recent trends in the litigation funding market, the legal strategy employed in the investment decision-making process and the advantages Stonward enjoys as a litigation funding company with profound knowledge of the complex Spanish legal framework.” Spain stands out as a promising hub in the litigation funding industry The consolidation of global litigation funding market has heightened the demand for specialist funders. Guido Demarco, head of legal assets at Stonward, talks to Leaders League about the most recent trends in the litigation funding market, the…
In this article we analyze the recent decision on the case Andrew Prismall v Google UK, in which the High Court had to consider the viability of an opt-out class action claim brought by a class representative. Here are the details of the claim: The claim: focused on alleged misuse of patients’ private information in various respects (MOPI). Liability and the remedy sought: reasonable expectation of privacy and loss of control damages. Representative Claimant: faced inherent challenges in bringing the claim as a representative action because numerous variables existed among the members of the class requiring individualized assessment. Reasoning: if individualized…
The Spanish Supreme Court has ruled on fifteen appeals in relation to claims for damages for the ‘truck cartel‘ from different Provincial Courts. On May 10 and 11, the High Court held five public hearings corresponding to fifteen appeals referring to five manufacturers. The appeals refer to five manufacturers (MAN, DAF, IVECO, DAIMLER MERCEDES and VOLVO/RENAULT) and address the following questions: 1. Content and scope of the European Commission’s decision. 2. Proof of the existence of the damage. 3. Quantification of the damage. Judicial estimation. 4. Accrual of interest All the information can be found here (in Spanish)
Stonward, litigation funder focusing on Spain and Latin America, is very pleased to announce that it has joined the European Litigation Funding Association (ELFA), as the association now builds towards becoming the collective voice of the European Litigation Funding Industry. The Spanish leading newspaper Expansion has shared the news. (link) Guido Demarco, Director and Head of Legal Assets of Stonward, explained why it was important for the funder to become part of ELFA: “we are thrilled to announce our membership in the European Litigation Funding Association (ELFA), marking a significant milestone in our journey as a litigation funder based…
Our experts analyze the recent ruling by the European Court of Justice (ECJ) on Case C-25/21 on competition law, on the basis of the burden of proof in actions for damages brought under Article 101 TFEU (Treaty on the Function of the European Union), which prohibits anti-competitive agreements between companies. The case: The claimants are the owners of a service station built by their predecessor. During the period from 1987 to 2009, the claimants or their predecessor, on the one hand, and Repsol, on the other, concluded several exclusive contracts for the supply of fuel. In 2001 (final decision 2010)…
Stonward has been ranked by Leaders League among the best Spanish Litigation Funders. In its analysis, Leaders League highlights Stonward’s track record and its team. According to the researchers, Stonward holds a “strong position in the areas of commercial litigation, antitrust and insolvency“, and “advises their clients to find the angle to their legal assets, so that they can capitalize the strengths“, offering bespoke solutions to access legal finance. “The team has built a reputation for being pioneers of the litigation funding sector in Spain, combining years of experience in this field with legal technical expertise and a deep understanding…
Analysis of the Preliminary Draft Law on representative actions for the protection of the collective interests of consumers, which the Council of Ministers approved on December 20, 2022. This Law involves the transposition of Directive (EU) 2020/1828 of the European Parliament and of the Council of 25 November 2020 on representative actions for the protection of the collective interests of consumers. The Draft Bill on Representative Actions for the Protection of the Collective Interests of Consumers brings new developments in the field of collective actions, which we now refer to as representative actions. The Directive guarantees that all the Member…
As we prepare to say goodbye to 2022, we would like to pause for a moment and reflect on the Litigation Funding related milestones that have defined the year. Regulations 2022 has been signaled by regulatory developments for the Litigation Funding Industry. Importantly, on September the European Parliament approved a set of recommendations to the Commission on Responsible Private Funding of Litigation. The Resolution recognizes that litigation funding is a growing practice in the EU and calls for a proposal for a Directive to establish common minimum standards on third-party commercial litigation funding addressing the transparency, fairness, and proportionality of…