EUROPE DAMAGE LEGAL ASSISTANCE
Hercules Plaza, Suite 5100 :
1313 Market Street - P.O Box 1709
| Wilmington, DE 19899-1709
WHAT WE DO
THE EDLA FUND OFFERS A MODEL THAT HAS BEEN SUCCESSFULLY IMPLEMENTED IN MANY COUNTRIES WORLDWIDE:
THE FUND FINANCES CLAIMS WHICH LACK FUNDING BUT HAVE A HIGH CHANCE OF SUCCESS, OR CLAIMS THAT ARE FILED BY COMPANIES INTERESTED IN HEDGING THEIR FINANCIAL RISKS. IN CASE OF A FAVORABLE JUDGMENT, THE FUND SHARES THE PROCEEDS WITH THE PLAINTIFFS AND IS COMPENSATED FOR ITS INVESTMENT.
THE MODEL OFFERED BY THE FUND CREATES A WIN-WIN SITUATION IN THE LEGAL SYSTEM:
Potential plaintiffs, who were once forced to abandon their claim due to financing issues, are now able to harness the Fund’s resources and seek judicial assistance without fearing the financial burden.
Law Offices enjoy an increase in their workload, since they receive additional (quality) cases and do not have to worry or deal with debt collection hardships.
The Fund enjoys the fruits of its investment in cases which receive favorable judgments or end by way of settlement.
In the bottom line, the Fund creates an environment in which a greater number of justified claims are filed, while claims with lesser chances of success are identified as such and aren’t funded, thus providing the plaintiff with an opportunity to reach an educated decision and avoid filing the claim altogether.
THE FUND’S INVESTMENT BOARD IS A CENTRAL AND CRUCIAL ASPECT OF THE FUND’S ACTIVITY, AND IS COMPRISED OF RENOWNED JURISTS, ECONOMISTS, BAILIFF, LAWYERS, EXPERT, ARCHITECTS, ENGINEERING LABORATORY AND CONSTRUCTION MANAGERS THE EDLA FUND EMPLOYS EXPERTS IN THE FIELDS OF LAW, ECONOMICS AND BUSINESS, ALL OF WHICH HAVE A WEALTH OF EXPERIENCE, IMPRESSIVE ACHIEVEMENTS AND AN IN-DEPTH FAMILIARITY WITH LOSS ADJUSTER, LITIGATION AND ARBITRATION.
WHO ARE WE
THE EDLA FUND IS A FUND WHICH FINANCES LEGAL CLAIMS AND IS INCORPORATED AS A LIMITED PARTNERSHIP IN EUROPE
MEET THE FIRST LIBRA FUND
The EDLA Fund is a fund incorporated as a Limited Partnership in Europe, which finances legal claims, and is the first of its kind in Europe. The Fund is managed by experts in the fields of Law, Economics and Management, all of which have a wealth of experience, impressive achievements and an in-depth familiarity with Litigation and Arbitration.
The Fund’s founders have extensive legal and managerial experience, and its professional boards are comprised of carefully selected retired judges, renowned jurists, businesspeople and senior academics. The General Partner is EDLA Fund Manage ltd, which manages NIS tens of millions in investments.
GOAL AND PURPOSE
The EDLA Fund was established with the purpose of funding select legal proceedings with high chances of success, according to a model implemented by similar funds worldwide. The Fund offers funding for civil-commercial claims and arbitrations with valued NIS at 5 million or more, both in Europe and Abroad.
The Fund’s business model is based on investor funding, and investment-success-return: the Fund receives its share of the funds awarded to the client-plaintiff, which received funding in order to litigate his claim.
The Fund’s business model delivers an important social value: it alters the existing reality and allows for the filing of worthy and justifiable cases that would have been abandoned due to funding difficulties, improves the level of legal representation by affording the client the opportunity to hire qualified attorneys and contributes to the strengthening of the legal system. The Fund also maintains the value of reciprocity – the Fund’s gains are the parties’ gains.
Finally, the Fund complies with the Code of Conduct - an ethical code published by the English Ministry of Justice - and has undertaken to obey the Code and live up to its standards, subjected to the relevant amendments.
HOW IT WORKS ?
An individual or a corporation involved in a business dispute with another party can address the EDLA Fund, and request the funding required to litigate the claim.
After receiving the client’s request, the Fund performs an initial review in order to determine whether the claim meets the minimal criteria which will enable the Fund to consider the request for funding. If necessary, the client is invited for a meeting with the Fund’s legal counsel for further review of the relevant materials.
Should the initial review yield a positive answer, the claim is handed to a claim analysis team for an in-depth professional review (a one-time fee is required).
The team will review the entire case, and perform a thorough analysis. Within several days, the client is informed whether the case has met the criteria for further review.
If the analysis team’s decision is positive, the case is sent for final review and approval by the investment board, while an agreement with the plaintiff is drafted.
The investment board considers an array of parameters, according to which a decision regarding the funding of the case is rendered. If the investment board recommends that the Fund approves funding for the case, an agreement with the client and his attorney is executed.
Throughout the legal proceedings, the Fund provides funding to the client as well as his attorney, advisors, experts and the court, all in accordance with the milestones set in the agreement.
If the client is awarded a favorable judgment, the proceeds are divided as per the agreement. If the judgment is not favorable, the Fund finances all costs (except for the one-time fee required when opening a case).
Tel. +1 302 2686854
Fax. +1 302 2686173
c/o PHS Corporate Service
1313 Market Street
P.O. Box 1709
Wilmington, DE 19899-1709