London, United Kingdom (23rd August 2011) – TheJudge, an established broker in the litigation risk transfer market, comment on the increased investment international firms are making in ATE insurance within international arbitration cases.
International arbitrations are particularly costly and usually lengthy proceedings, but the damages available to be claimed by such proceedings are often very substantial and compensate for any inconveniences and the drawn-out nature of this process.
For this reason, third party funders are keen to become involved in financing the proceedings in order to reap the rewards of the damages awarded in the event of a success. TheJudge has found that, by using insurance products such as ATE insurance, the risk to the client is drastically reduced but not at punitive cost.
Speaking from TheJudge, Director Matthew Amey commented: “The increased financial security offered from ATE insurance and third party funding is drawing more firms’ attention than ever. ATE, or litigation insurance, covers an indemnity for legal costs in the event that the litigation or arbitration is lost and covers the potential liability for the other side’s costs, as well as some or all of the client’s own legal fees – with no cap on the level of cover available.
“At TheJudge we can secure cover ranging from less than £100,000 to over £20m for an individual case, and with our extensive experience in ATE insurance in particular, we are the go-to specialists for international clients requiring economic protection within their arbitration cases.”
For more information on TheJudge’s ATE insurance services, call +44 845 257 6058 or visit http://www.thejudge.co.uk.
With over a decade of experience, TheJudge is the largest and longest-established broker in the litigation risk transfer market. They specialise in hedging litigation costs for their clients by utilising their expertise in After the Event (‘ATE’) litigation insurance, Third Party Funding and various other forms of legal expenses, insurance and financial instruments for all types of litigation. TheJudge is the chosen specialist broker for many of the leading Dispute Resolution and Litigation teams around the world, serving a diverse client base.
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