Capital required to fund a claim of software theft and copyright infringement. The case is supported by extensive electronic and CCTV evidence lodged with the police. The Claim value is estimated to be £5-10m based on the most recent investment rounds and the company’s operating performance. The Claim value is over 17x the cost to litigate. A detailed independent opinion by a senior lawyer identifies a strong basis to file the claim and a high probability of obtaining a favourable resolution. Our research indicates that the Defendants have sufficient resources to pay the damages. The lawyers running the case are experienced running this type of claim and are highly incentivised to achieve a positive outcome. Unless early settlement is reached, the Claim will be filed in the Barcelona Commercial Court. If the Claim settles pre-trial, investors are senior in the cash waterfall and contractually entitled to a Return of 66% per annum increasing until proceeds are received. If the Claim wins at trial, investors are contractually entitled to the greater of a Multiple on Capital (MoC) of 2.8x and an uncapped Return increasing at 66% per annum (33% for each 6 months of part thereof).
£119,500 Available to fund
66% PA Return
2.8x + at trial MoC
Open for investment
Capital is at risk and projected returns are not guaranteed. Investors have a significant risk of losing all of their investment if the case fails and could lose double their investment in the unlikely event that the case insurer also defaults.
12 Days left
Investment type: Equity
Funding of £80,000 required to fund a shareholder dispute case, where the majority shareholder and director of a company has diverted economic value from a minority shareholder who was instrumental in developing the business. In our view, the Claimant has a strong claim under s.994 of the Companies Act 2006 that she has been unfairly prejudiced and should be repaid a fair value for her shares. Both the Claimant’s solicitor and the barrister are to be paid on a 75% contingent basis (Conditional Fee Arrangement), ensuring strong alignment of incentives. If the case settles within 18 to 24 months, investors will potentially have a Multiple on Capital (MoC) of 2.2x to 2.6x. If the case wins at trial or settles after 24 months, we estimate investors would have the MoC of 2.8x.
Amount Raised: £80,000
Date Funded: 01/10/2020
Equity capital required to fund a high-value employment dispute case – in relation to non-payment of contractual commission entitlements. Claim value is estimated to be at least £2.6 Million net of tax. The Claimant verifiably sourced significant institutional investment capital for the Defendant (a publicly listed asset manager) who subsequently refused to pay without a valid justification. A detailed QC barrister’s opinion confirms that the case has strong merits. Both the Claimant’s solicitor and the barrister are to be paid on a 100% contingent basis (Conditional Fee Arrangement). Enforceability is likely to be straightforward. The projected Multiple on Capital (MoC) is 2.5X if the case resolves at trial, with a minimum 1.6x MoC if it settles at any time in the first 12 months. Funding required £105,000. The offer is fully underwritten.
Amount Raised: £105,000
Date Funded: 13/08/2020
What is litigation crowdfunding? How litigation crowdfunding provides the possibility of attractive return to potential investors? Watch this video.
We guide you through the process from registration to investment on the AxiaFunder platform.
Complete our simple registration process: click on Find out more - you then need to complete an Investor Readiness process and upload some Identity documents which are necessary to comply with anti-money laundering requirements.
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Review and agree to a Non-Disclosure Agreement (NDA) for the case. This is required because the information related to a case is typically sensitive for both the claimant and the defendant.
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Over the duration of a case there will be updates every quarter. At maturity of the investment, if a case is resolved successfully there will be a deposit of principal and interest to your AxiaFunder wallet. You can withdraw cash from your AxiaFunder wallet at any time. If the case is unsuccessful you will likely incur a significant loss of up to your entire investment. For full explanation of potential risks please refer to risk section.
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