Erso Capital, which is structured as an Isle of Man protected cell company, is a dedicated commercial litigation funding venture, which provides capital to small and medium sized businesses, corporations and law firms across the full spectrum of legal asset opportunities.  It was established by a highly experienced team of industry professionals with over 60 years’ combined experience in commercial litigation finance and risk transfer and works closely with its founding affiliate groups, TheJudge and Thomas Miller.

TheJudge has over 20 years’ exclusive experience in arranging specialist insurance policies to remove the economic risk involved in pursuing commercial litigation and arbitrations.  It is part of Thomas Miller Speciality and a wholly-owned subsidiary of the Thomas Miller Group, a global insurance and asset manager founded in 1885, currently managing over £2.6bn of assets and over £1bn gross written premium per annum.

Appleby advised on all aspects of the establishment of Erso Capital, including corporate and regulatory matters, with a team led by Isle of Man-based corporate partner, Garry Manley.

James Blick, one of Erso Capital’s co-founders, commented:  “Garry and his team provided us with the crucial support and advice necessary to make Erso Capital a reality.  The advice we received from Appleby was clear, concise and user-friendly, and their response times are first class, which has been especially important on this matter where our founders are spread across multiple time zones.  Knowing we had the best people leading us through the complexities of the establishment process allowed us to focus on the commercial aspects of our new business and compiling our excellent team.”

Appleby partner Garry Manley said:  “We are delighted to have assisted with the establishment of Erso Capital, and it is fantastic that a strong business with such a high quality team chose the Isle of Man as its home.  Third party litigation funding promotes access to justice, and the use of third party funding continues to gain acceptance in the common law world, as illustrated by the recent introduction of the Private Funding of Legal Services Act, 2020 in the Cayman Islands, which Appleby discussed in this note.  We look forward to working with Erso Capital as it continues to grow, and we wish James and his team every success.”

Share
Twitter LinkedIn Email Save as PDF
More Deals
21 Sep 2021 | Deals

Appleby advises joint lead managers on £400 million sustainability bond issue by the Isle of Man Government

Appleby has advised the joint lead managers, including among others, HSBC and Santander on the Isle ...

Contributors: Kyle Sutherland
15 Mar 2021 | Deals

Appleby advises on recommended cash acquisition of RDI REIT PLC

Appleby is acting as Isle of Man and BVI counsel to SOF-12 Cambridge BidCo Limited, a newly formed c...

18 Dec 2020 | Deals

Appleby advises on GBP12,800,000 purchase of Douglas Bay Complex

Appleby acted for Douglas Bay Property Limited on its recent GBP 12,800,000 purchase of the Douglas ...

20 Aug 2020 | Deals

Appleby advises NEPI Rockcastle on its EUR3,000,000,000 Guaranteed Euro Medium Term Note Programme

Appleby’s Isle of Man office has advised NEPI Rockcastle plc and its Dutch subsidiary NE Property ...

Contributors: Sophie Corkish
3 Aug 2020 | Deals

Appleby acts for CarTrawler on its sale to Towerbrook and EUR100 million investment

Appleby acted as Isle of Man counsel to CarTrawler, a leading B2B provider of car rental and mobilit...

21 Jul 2020 | Deals

Appleby advises IFGL on Friends Provident Acquisition

Leading offshore law firm Appleby has advised International Financial Group Limited (IFGL), the owne...

22 Apr 2020 | Deals

Appleby advises STX Entertainment on Merger with Eros International

Leading offshore law firm Appleby is acting as Isle of Man counsel to STX Filmworks, Inc. (STX Enter...

29 Nov 2019 | Deals

Appleby Advises KKR on GBP 45 Million Acquisition of Prometic Bioseparations

Appleby acted as Isle of Man counsel to KKR & co., a leading global investment firm, on its acqu...

5 Aug 2019 | Deals

Appleby Isle of Man Advises on USD 550m Sale of Ferrous Resources Limited

Appleby’s Isle of Man office acted for Ferrous Resources Limited (Ferrous) in connection with its ...