Company Announcements

Progress on direct balance sheet investment

Source: RNS
RNS Number : 8270Q
Litigation Capital Management Ltd
23 February 2023

23 February 2023


Litigation Capital Management Limited

("LCM" or the "Company")


Progress on direct balance sheet investment


Litigation Capital Management Limited (AIM:LIT), an alternative asset manager specialising in dispute financing solutions internationally, announces positive progress on an investment forming part of its portfolio of direct investments.


Successful award in investment in arbitration


The Company is pleased to announce a positive development on one of LCM's 100% direct balance sheet investments which was heard by an ICC International Court of Arbitration tribunal.  A partial award on liability and quantum was granted in favour of the funded party. This means that the funded party has succeeded in the claim and the only matter yet to be determined is the costs award. The Company expects the funded party to also be successful in an award of its costs, however, that costs award does not affect LCM's interest or its potential returns.  


The award is subject to challenge in the court by the respondent. That challenge is not in the nature of an appeal. LCM is confident that the award will be upheld.


LCM has invested approximately AUD$ 2.9m (USD $2m) in this arbitral dispute.  The investment performance is protected by a compounding interest rate.


Patrick Moloney, CEO of LCM, commented: "We are pleased with the positive adjudication in this investment. Despite the Respondent challenging the award we are confident that the award will be maintained. In the current uncertain macro-economic environment our direct investments, as well as those made alongside our fund investments, continue to demonstrate the non-cyclical and uncorrelated nature of the returns from litigation funding.


This award is expected to generate a return in line with management expectations".


Litigation Capital Management

c/o Tavistock PR

Patrick Moloney, Chief Executive Officer



Canaccord (Nomad and Joint Broker) 

Tel: 020 7523 8000

Bobbie Hilliam

Investec Bank plc (Joint Broker)

Tel: 020 7597 5970

David Anderson

Tavistock PR

Tel: 020 7920 3150

Tim Pearson

Katie Hopkins




Litigation Capital Management (LCM) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees through asset management.


LCM has an unparalleled track record driven by disciplined project selection and robust risk management.


Currently headquartered in Sydney, with offices in London, Singapore, Brisbane and Melbourne, LCM listed on AIM in December 2018, trading under the ticker LIT.


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