A successful outcome of a claim is not just about legal merit but also financial strength. Our facility is for your clients who have a meritorious claim but who need to carefully manage the cost of their litigation and financial exposure to opponents.
Legal Expenses Insurance – Safety Net
QLP have a dedicated legal expenses policy for marine claims, underwritten by an “A” rated insurer. We are able to offer preferential terms along with a quick and easy application process, protecting clients against the financial consequences of losing their claim.
We have a proven track record in helping clients settle High Court and LMAA disputes, including:
- Insurance coverage disputes
- Charterparty disputes
- Bills of Lading
- Carriage of goods by sea
- Sale and purchase disputes
Litigation Funding – The Means to Fight
Funding protects cash flow and assets during litigation – either where clients do not have the means to fund the dispute or where they wish to litigate off-balance sheet. It also gives you an advantage by demonstrating to an opponent that you have the means to fight, leading to better and quicker financial settlements.
Together with our partner Third Party Funders QLP can arrange an upfront investment in your marine claim.
We can arrange full claim funding of £10M (or more) to pay for all of the costs of pursuing a claim, as well as small levels of investment to just pay for a Court or Arbitration fee.