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…
Our Director, Guido Demarco, writes for the Oxford Business Law Blog about the shifting dynamics of the litigation funding industry. Along with Rodrigo Olivares-Caminal, Chair in Banking and Finance Law, Queen Mary University of London, they offer a unique perspective on the rise, challenges, and transformative moments within the litigation funding sector, providing invaluable insights into the industry’s current landscape. Don’t miss the full article here. “Until now, investors in the litigation funding arena have echoed this thought. However, a recent decision by the UK Supreme Court in R (on the application of PACCAR Inc and others) v Competition Appeal Tribunal…
Guido Demarco, Director and Head of Legal Assets at Stonward, delves into the outlook for litigation funding following the significant ruling by the New York Court in the case involving Petersen Energía SAU and Petersen Energía Inversora SAU (the Petersen Companies) versus the Republic of Argentina. The piece entitled “Landmark New York Court’s Decision Strengthens the Future of Litigation Funding” explains how the ruling reaffirms the critical role litigation funders play in providing access to justice, particularly in complex cases involving powerful sovereign entities. “No doubt, this will be a beacon in times in which the industry is under heavy…
The Litigation Finance Journal has spoken with Chris Garvey, member of the Board of Investments at Stonward. In this episode, Chris discussed the litigation funding market in Spain, the challenges and opportunities for funders there, what cases Stonward looks to finance, implications of the Voss report, and much more! Listen to the full episode here. Chris pointed out that “there is a very healthy and active, vibrant-no win, no fee industry within the legal community in Spain”, and highlighted the two areas in which he is seeing more funding deployed: “the competition space, where you have the need for expensive…
Our Director and Head of Legal Assets, Guido Demarco, has published a new opinion article at Abogados.Com.Ar, a prestigious Argentinian website focused on the legal sector, about how litigation funding can help advance class actions against large corporations. Litigation funding has proven to be an invaluable tool for driving large-scale class actions. The truck cartel in Europe, the PPI scandal in the UK, the ‘Dieselgate’ in Germany or the class action brought by shareholders against the Commonwealth Bank of Australia are just a few examples. The financial support provided by litigation funds has leveled the playing field against large companies…
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…