We were impressed by the attendance of a large number of senior executives and legal counsel from major construction companies in the region. In the current economic climate and with construction costs rising rapidly, there is growing interest – among contractors in particular – about how third-party funding can be used to monetise good legal claims and reduce cashflow and balance sheet pressures. Portfolio funding was therefore a hot topic of discussion.
Off the back of the event, Pinsent Masons published a highly informative article on third-party funding, which quotes Andrew’s contribution in relation to portfolio funding:
“In a portfolio, we look to offer the client capital in addition to the raw cost of the claims – it can be a simple source of cash for a business.”
Augusta is actively funding construction claim portfolios as well as a wide range of individual construction claims in arbitration, litigation and adjudication globally.
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Get in touch with Andrew if you would like to learn more about this form of third party funding as a potential source of capital for your company.