 | This article needs additional citations for verification .(February 2016) |
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| Industry | Litigation funding |
|---|---|
| Founded | 2007 |
| Founders | Susan Dunn Martin Tonnby |
| Headquarters | , United Kingdom |
| Website | harbourlitigationfunding |
Harbour Litigation Funding or 'Harbour' is one of the UK's first litigation funders and one of the largest litigation funders in the world, measured by the size of its investment funds. [1]
Harbour was founded in 2007 by Susan Dunn and Martin Tonnby. The origins of the business date back to 2002. [2] It operates hubs in London and Hong Kong and has funded litigation in 13 jurisdictions and arbitration under 4 arbitral rules. Harbour is authorised and regulated by the Financial Conduct Authority. Litigation funders pay all or part of the costs of a dispute. If the case is won and monies received, they take a pre-agreed share of the proceeds. If the case is lost, the loss is the funder's - not the claimant's.
In April 2022, Harbour Litigation Funding was named alongside the law firm CMS by Kevin Hollinrake, in a letter to the Chancellor of the Exchequer Rishi Sunak, as two professional services firms acting for the benefit of Russian state entities during the Russian invasion of Ukraine. The letter highlighted that both Harbour and CMS are working on behalf of the Russian state-owned DIA to bypass sanction regimes and obtain funds and assets from abroad in order to fund the war in Ukraine. [3]
The Civil Justice Council established a regulatory body responsible for litigation funding and ensuring compliance with the Code. That body is called the Association of Litigation Funders. [4]
Harbour is a founding member of the Association of Litigation Funders and has both adopted the Code and undertaken to comply with it at all times.
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