Funder Gets Early Win In Fight Over Kagazy Suit Fees

Law360, London (April 11, 2019, 4:54 PM BST) -- A London judge has ruled that a litigation funding agreement between Kazakhstan Kagazy PLC and the firm that financed the paper and packaging company’s lawsuit against two former company officers over a multimillion-dollar fraud is valid and enforceable.

The court order signed by Judge Robin Knowles on Tuesday paves the way for Harbour Fund III LP to pursue its High Court lawsuit accusing Kazakhstan Kagazy of reneging on a funding agreement for a fraud case after winning more than $300 million.

“The investment agreement is a binding, valid and enforceable agreement,” Judge Knowles said in the order. “For the avoidance of...

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