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The purpose of this talk is to discuss legal finance from the perspective of the case being tried in the Southern District Court of New York: the Petersen case. Undoubtedly, legal finance (or litigation finance, or third-party funding) has benefitted corporations in their pursuit of and access to justice. But access to justice may just be the beginning of a domestic, intercontinental, and transatlantic struggle to influence due process.
Students and faculty will have the opportunity to discuss legal finance in conversation with the Petersen Insolvency Administrator and touch upon the practical aspects of how (i) two foreign corporations filed bankruptcy as a consequence of an expropriation by a sovereign state, (ii) an insolvency administrator’s recourse to legal finance was the only option to secure justice, and (iii) the secondary market’s (and legal finance’s) role in creating value.
Speakers: Armando Betancor Álamo, Petersen Insolvency Administrator, Partner and Co-Founder of Alas Legal Advisors; Carolina Bayo, Special Advisor, Alas Legal Advisors; Eduardo Frutos, Associate, Alas Legal Advisors.
Sponsors: RCC; Jean Monnet ad Personam Chair in European Union Law and Government.