Libra Claims has recently successfully completed the first securitization in Italy aimed at financing international litigation, marking a significant step forward in the third-party litigation funding sector.
The transaction, carried out in collaboration with Clifford Chance, 130 Servicing, and Eleven Five, led to the issuance of €20 million in asset-backed securities (ABS), fully subscribed by an investment fund. This is an unprecedented initiative in Italy, opening up new prospects for the market.
What makes this transaction particularly innovative is its cross-border nature: the securitized receivables derive from compensation claims for competition violations that will be enforced in Germany. The structure is based on Law 130 of April 30, 1999, which allows Italian claims to be valued through litigation in favorable foreign jurisdictions, expanding opportunities for investors and strengthening the attractiveness of this asset class in the European market.
This pioneering transaction represents an important development in the litigation funding landscape in Italy, opening up new avenues for the financing of international litigation and consolidating Libra Claims‘ role as a leader in the sector.
