Rotterdam-Breda, October 15, 2020 -Ten Holter Noordam advocaten and Liesker Procesfinanciering, market leader in the Dutch legal market in the field of litigation funding, are entering into a partnership. The goal of the alliance is to make it easier for companies and individuals to use litigation finance as a financing tool to cover the costs and risk associated with extensive litigation. Both parties see opportunities especially in the business market.
With the collaboration, the parties aim to lower the barrier to justice. Promising lawsuits can be submitted to Liesker Litigation Funding. If Liesker decides to fund the lawsuit, it assumes the risk from the filing party. If the case wins, litigation costs will be met from the proceeds and Liesker will receive a fee of 30% of the remaining amount. In the event of a loss, litigation costs will be paid by Liesker and the claimant will remain immune from costs. Most of the cases Liesker finances involve business disputes.
Strategic and responsible alternative
Sjoerd Warringa, partner at Ten Holter Noordam advocaten and corporate law attorney: “For many of our clients, the financing of a sizeable lawsuit, no matter how promising, is a risk they prefer to see covered. Through the partnership with Liesker, we can actively alert clients to the existence of a strategic and responsible tool to hedge this risk and control their costs.”
Opportunities in the business market
The lower limit for litigation funding is €500,000. This could include all manner of cases, although both parties see opportunities in the corporate market in particular, including contract disputes, bankruptcies and directors’ liability. Willem Van Nijnanten, CEO Liesker Litigation Funding: “More and more companies are recognizing the usefulness of process financing, for example to keep budgets available for investments. Necessary reservations for high and uncertain costs fall away. In addition, we completely take over the management of such litigation. The short lines of communication created by the cooperation with Ten Holter Noordam advocaten enable both of us to act even more decisively and offer the client even more customization.”
About Ten Holter Noordam advocaten
Ten Holter Noordam advocaten is a multi-service law firm in Rotterdam that focuses on the market areas of Construction, Port, Government and Healthcare. The attorneys specialize in virtually all areas of law relevant to these industries and beyond. Together they work toward one goal: to help businesses, government agencies and nonprofit organizations quickly and efficiently with practical solutions to legal problems and clear advice on how to avoid them. www.thna.nl
About Liesker Litigation Funding
Liesker Litigation Funding, based in Breda and founded in 2011, focuses on financing high-potential claims, both from individuals and companies, with a minimum value of €500,000. Proceedings are handled by outside lawyers (firms), often on a fixed-fee basis. If the case wins, litigation costs will be met from the proceeds and Liesker will receive a fee of 30% of the remaining amount. In the event of a loss, litigation costs will be paid by Liesker and the claimant will remain immune from costs. Most of the cases Liesker finances involve business disputes. Liesker has several in-house specialties including Cartel Damage, Intellectual Property, Contract Disputes and Family Law. We source other specialties from our existing network of top attorneys. Liesker Procesfinanciering is a market leader in the Netherlands with an equivalent office in Brussels for the Belgian market. www.liesker-procesfinanciering.be www.liesker-kartelschade.nl
For more information, please contact:
Tessa Oostdam, communications consultant Liesker Litigation Funding at or 06 12 96 33 94.
Sietske van Dijk, marketing communications officer Ten Holter Noordam advocaten, at or 06 10 07 79 60.
