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Taylor Wessing Drops Kazakh Co. Units In Suit-Funder Case

Law360, London (March 8, 2019, 6:53 PM GMT) -- A London judge allowed law firm Taylor Wessing to withdraw as counsel for two subsidiaries of Kazakhstan Kagazy PLC in a litigation funder’s lawsuit accusing the paper and packaging company of reneging on a funding agreement for a fraud case after winning more than $300 million.

High Court Judge Nigel Teare readily approved the request by the U.K. law firm based on the application and without a hearing. The succinct March 5 order states that the firm will no longer represent two of the four defendants in the suit brought by litigation funder Harbour Fund III LP — Kazakhstan Kagazy’s real...

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