Unprecedented Experience in Litigation Funding
Sybaris Funding is a specialist provider of litigation funding looking to fund a range of actions including professional negligence, insolvency, tax, breach of contract, tort, intellectual property, and private client claims. Unlike many funders in the market we are interested in funding claims right across the spectrum with investments from as little as £50,000 all the way up to £1m plus.
All Sybaris funding is supplied on a non-recourse basis. If the claim is successful then Sybaris will take an agreed share of any settlement reached or award made. If the claim is unsuccessful Sybaris will not look to the client who has been funded for the recovery of its investment.
The Sybaris two-step funding process offers timely and reliable funding. Any request for funding will initially be reviewed in-house. If the case in question meets Sybaris’s funding criteria and all relevant documentation is provided, then the application will be put to our Investment Committee for consideration.
Core acceptance criteria
Pricing structure (all non-recourse, and therefore only payable upon a successful outcome):
1) For low level funding we can look to arrange on the basis of a straightforward interest basis based upon the agreed funding facility. There is an administration charge payable on all successful funding application, but this can be rolled into the funding requirement if the client does not wish to pay it separately.
2) Larger funding requirements are charged on the basis of a multiple of the original funding plus the original funded amount, or an agreed percentage of the settlement, and whichever is the greater.
All Sybaris funding is supplied on a non-recourse basis. If the claim is successful then Sybaris will take an agreed share of any settlement reached or award made. If the claim is unsuccessful Sybaris will not look to the client who has been funded for the recovery of its investment.
The Sybaris two-step funding process offers timely and reliable funding. Any request for funding will initially be reviewed in-house. If the case in question meets Sybaris’s funding criteria and all relevant documentation is provided, then the application will be put to our Investment Committee for consideration.
Core acceptance criteria
- Demonstrable merits of success greater than 60% for any for claim for which funding is required.
- Quantum for the claim must normally be in excess of £500,000 or bear a ratio to anticipated recovery which meets the expectations of both the claimant and Sybaris Funding
- Agreed case plan and cost budget estimate
- ATE cover must be attached to the claim to meet any adverse cost liability.
- All ATE must meet the requirements of Sybaris Funding. (ATE cover can be sourced in conjunction with Sybaris Funding using its independent broker Sybaris Legal & IP)
Pricing structure (all non-recourse, and therefore only payable upon a successful outcome):
1) For low level funding we can look to arrange on the basis of a straightforward interest basis based upon the agreed funding facility. There is an administration charge payable on all successful funding application, but this can be rolled into the funding requirement if the client does not wish to pay it separately.
2) Larger funding requirements are charged on the basis of a multiple of the original funding plus the original funded amount, or an agreed percentage of the settlement, and whichever is the greater.
Please download our Combined Funding & ATE Proposal Form:
Please return the completed proposal form, with supporting documents to:
pwishart@cobralm.com
pwishart@cobralm.com
Sybaris Legal & IP is located in the heart of the City of London at:
1 Minster Court
Mincing Lane
London
EC3R 7AA
1 Minster Court
Mincing Lane
London
EC3R 7AA
Sybaris Legal & IP is a trading identity of Sybaris Special Risks Ltd, which is an Appointed Representative of COBRA London Markets Ltd
COBRA London Markets Ltd is an accredited Lloyd's Broker, and is authorised and regulated by the Financial Conduct Authority (Ref No 310954)
www.fsa.gov.uk/register/home.do
Sybaris Special Risks Ltd is registered as a company in England and Wales No 08151038
Registered office: 1 Minster Court, Mincing Lane, London EC3R 7AA
COBRA London Markets Ltd is an accredited Lloyd's Broker, and is authorised and regulated by the Financial Conduct Authority (Ref No 310954)
www.fsa.gov.uk/register/home.do
Sybaris Special Risks Ltd is registered as a company in England and Wales No 08151038
Registered office: 1 Minster Court, Mincing Lane, London EC3R 7AA
