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Industry | Litigation funding |
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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 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.
The Civil Justice Council approved a regulatory body responsible for litigation funding and ensuring compliance with the Code. That body is called the Association of Litigation Funders. [3]
Harbour is a founding member of the Association of Litigation Funders.
A class action, also known as a class action lawsuit, class suit, or representative action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member or members of that group. The class action originated in the United States and is still predominantly an American phenomenon, but Canada, as well as several European countries with civil law, have made changes in recent years to allow consumer organizations to bring claims on behalf of consumers.
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