Libra funds complex and highly valuable disputes in the interest of individuals, companies and institutions which are unable to assert their rights by reason of time, budget or excessive complexity of the dispute.
We carefully select the cases, always conducting thorough due diligence regarding the legitimacy of the claims and the solvency of the counterparty.
We support our clients in all stages of the dispute, from the collection of necessary documents and records, up to the choice of strategy, until the final settlement or judgment.
We share information and data with our clients and update them in real time on the progress of the recovery claim, from the commencement of the case until the final outcome.
We bear all the costs of litigation, including the fees for top lawyers and consultants, as well as procedural charges, sharing only the positive outcome of the dispute with our clients. This means that our share is calculated as a percentage of the amount actually recovered by the damages company.
Libra’s litigation funding services are aimed at individuals, companies, institutions and law firms which have to manage cases of great value, without being in a position to bear the burdens and risks of such complex cases.
The litigation funding procedure
The requests for litigation funding and support are collected by Libra.
A confidentiality agreement is contextually signed.
Libra then preliminarily verifies the interest in the case.
Our experts conduct in-depth due diligence analysis on the supporting documentation, records and evidence brought to the case, aimed at verifying the legitimacy of the claim and the solvency of the counterparty.
In case of a positive outcome, the case is assumed upon release of proxy, which may include both lawyers selected by Libra and lawyers appointed by the client, provided that their skills are deemed appropriate to the complexity of the dispute.
The terms and conditions for litigation funding shall regulate the conditions upon which Libra is in charges of the expenses related to the dispute, as well as the relative percentage of share upon successful outcome.
In each phase of the dispute, both before and during litigation, our clients are constantly informed and updated, for the sake of maximum transparency, collaboration and sharing of strategies.
Once the recovery of losses and the compensation of damages is duly obtained, Libra receives a predetermined share of the amount recovered. However, in case of negative outcome of the dispute, no compensation is due for the activity performed.
Before commencing negotiations or litigation, Libra and its clients may agree upon an unconditional assignment of credit, by virtue of which companies directly and immediately receives from Libra a sum as recovery or compensation for the damage, eliminating thus the uncertainties as to when and how much will actually be recovered.
Libra constantly monitors the latest provisions and the ongoing investigations of the Antitrust Authorities, seeking for new cases that could affect the Italian market.
Thanks to our international network of partners and affiliated offices, we provide access to justice to Italian companies damaged by foreign suppliers, which can claim compensation in all European and US jurisdictions.
We favor high-profile confidential negotiations, representing groups of buyers with the aim of obtaining fair compensation, without compromising the supply relationship, restoring, thus, trust in the supply chain.
Only in case of need, we proceed to court, hence hiring the best specialists in the sector, with no costs and risks for the damaged party.
