Litigation Funding is the transaction of funding a litigant’s claim in return for a portion of its proceeds, if successful.
Legal fees are difficult to forecast and are a drain on working capital. Taurus Capital offers a litigation funding solution that is non-recourse and contingent on success. This aligns the interest of the legal team that is remunerated regardless of the outcome and the litigant aiming for a positive result.
THE VALUE IN FUNDING YOUR CASE
PROVISION FOR LEGAL FEES
Legal fees are expensive, difficult to budget, and are a drain on cash flow. Taurus Capital funds legal expenses and offers tailor-made risk sharing solutions to litigation.
Litigation favours a party with funds. Our funding provides equality of arms to combat opponents seeking to outspend you in litigation.
Our funding is non-recourse and is contingent on success in the matter. We carry the risk and if you lose your case, you do not have to repay our funding. We also can indemnify you for any adverse cost orders arising out of the claim.
Taurus Capital is supported by a significant shareholder balance sheet and investment consortium that provides the required capital to ensure your matter is funded to finality. Duration, costs, and success in litigation can be unpredictable, our funding is not.
LEGAL RISK AND INVESTMENT COMMITTEES
Our legal risk and investment committees are made up of retired senior counsel as well as business persons with decades of experience in commerce and law. These committees work in tandem to offer an ongoing subjective analysis of your claim and its prospects. The committees also give particular attention to game theory and meta-factors outside the vacuum of the claim’s merits to analyse commercial risk and viability. These factors are as important as the law. Taurus Capital’s committees are at the disposal of the litigant at every juncture of the litigation and are a valuable addition to the transaction.
THE CLIENT REMAINS THE CLIENT
The litigant remains the client and provides instructions to the legal team, as part of the matters predetermined strategy, in a transaction with Taurus Capital. We are third-party financiers who provide input and are reported to.
OUR FUNDING CRITERIA
We look at the following 5 criteria when assessing a funding enquiry:
We fund cases with high prospects of success on its legal merits and equities.
We fund claims sounding in money or realisable assets.
Value is more than R50 million
Given the duration, costs, and risks of litigation, this amount is currently our threshold claim value amount we can fund. This rule can, however, be relaxed in certain circumstances.
The Defendant is solvent
The Defendant must have the ability or assets to pay the claim on success.
Skilled Legal Team
The legal team in the matter has expertise and experience in the claim’s field of law.