An SME (small to medium enterprise) entered into a licence contract with a large international company (Big Co.) which would grant the SME a licence to use certain BigCo products. Shortly thereafter BigCo changed their mind and tried to stop SME from using the products because of SME's alleged failure to comply with the contract. Faced with costs of litigation in excess of £1m and an opponent with unlimited funds SME turned to Allianz Litigation Funding for help. The funding was disclosed and about six months into the litigation a favourable settlement was reached during a one-day mediation.
A real-estate agent had successfully brokered a large industrial property deal on behalf of an international chemical company. The tenant and the company however immediately started arguing about the property and the condition of the buildings. The company refused to pay the broker his commission, making him responsible for the choice of the tenant. They also accused him of having received a brokerage commission from the tenant. Via a large international law firm, the company threatened to file an action for a negative declaration should the broker demand further commissions. The broker however was successful in enforcing his commission claims together with Allianz Litigation Funding.
Seven year old David fell off a climbing apparatus in an adventure playground. The young boy was seriously injured and will be disabled for the rest or his life. Both the local council and the third party liability insurer refused to pay compensation contending that usage was at one's own risk and that the climbing apparatus was sufficiently secured. With the assistance of Allianz Litigation Funding, the parents are suing for compensation for pain and suffering, damages and a disability pension.
A teacher living in Australia had a wealthy grandfather in the UK. She heard by chance during a visit to Europe that her grandfather had died. The other heirs refused to provide her solicitor with information about the inheritance and the bequeathed estate. On behalf of his foreign client, the solicitor requested support from Allianz Litigation Funding to carry out an action (in stages) for information and surrender of the share of the inheritance.
During the "New Economy Boom", a large French company acquired 100% of a software company in Switzerland. The final instalment of the purchase price (CHF 6.5 million) was supposed to be paid 3 years after the take-over if a certain earning level was attained. When this did not occur, the purchaser refused to pay the last instalment of the purchase price. The sellers argued that the purchaser had thwarted the attainment of the goals by altering the objectives of the company. The purchaser was purported to have ordered the company which was taken over to move into the hardware business in addition to software development. As a result, the sellers are now involved in the contractually agreed ICC arbitration proceedings in Zurich which are being financed by Allianz Litigation Funding.
