LONDON, December 19, 2016 /PRNewswire/ --
Demand for
Third Party Disputes Funding Drives Investment
Committee Growth
International dispute resolution funder Vannin Capital PCC
("Vannin") is delighted to announce the appointment of The
Hon. Sir Andrew Smith QC to its global Investment
Committee ("IC"). Sir Andrew will work with Vannin's top-tier
multi-disciplinary team to review complex international cases
presented to the business for third party disputes investment and
to make recommendations to Vannin's board in respect of investing
in such claims. He is the second member to join Vannin's IC since
July this year and is the company's seventh hire in the past twelve
months.
(Photo:
http://mma.prnewswire.com/media/450670/VANNIN_AndrewSmith.jpg
)
Sir Andrew retired in October 2016
from being a full-time Judge of the High Court (Queen's Bench
Division) after 16 years of full-time judiciary service. He was
appointed Queen's Counsel in 1990 and called to the Bar in 1974.
Among other senior positions, he will continue as a Deputy High
Court Judge, is appointed as a Judge to Abu Dhabi Global Market
Courts (ADGM Courts), and will sit as an arbitrator.
Shortly after his appointment to the High Court, Sir Andrew was
nominated by the Lord Chancellor to sit in the Admiralty Court and
in the Commercial Court. He has sat in those two courts, in the
Queen's Bench and Chancery Divisions of the High Court, the Crown
Courts and in the Criminal Division of the Court of Appeal.
His skills and experience as a commercial judge were recognised
when in 2008 he was appointed to be the Judge in Charge of the
Commercial Court for an extended period, in order that he should
supervise reforms to the Court's new procedures that were
introduced following the Report on Procedures for Long Trials.
"Vannin's continued global advancement remains a core focus for
the business in 2017," said Nick
Verardi, Director at Vannin. "This is reinforced by Sir
Andrew's appointment to the Investment Committee following a record
number of international hires over the last year. His extraordinary
career combined with his supreme reputation in legal markets across
the world precedes him and we are delighted to welcome him to
Vannin".
Sir Andrew joins Vannin at a time when the professional funder
is entering an exciting new period of expansion. Earlier this year,
and in response to the rising number of high value disputes Vannin
is asked to review and invest in, the professional funder
announced an increase in capital up to $500 million from
blue-chip asset management firm Fortress Investment Group LLC
(NYSE: FIG) to bring legitimate meritorious claims to court.
Click here for a high resolution image of Sir
Andrew Smith QC.
ABOUT VANNIN CAPITAL
Founded in 2010, Vannin Capital PCC is one of the world's
largest and most experienced international dispute resolution
funders with quantum under management consistently in the billions.
Vannin provides bespoke funding solutions in meritorious, high
value commercial litigation and international arbitration disputes
which can eliminate the inherent cost risks of legal proceedings. A
trusted partner to major corporates and top tier law firms around
the world, Vannin not only commits finance to the cases it invests
in, but also first-class seasoned litigators and international
arbitrators who offer collaborative and personal case management
solutions. With teams in London,
Paris, Washington, D.C and Sydney, Vannin is able to provide coverage of
the key international litigation and arbitration centres, and
regularly fund cases across multiple jurisdictions. For more
information about Vannin, visit:
http://www.vannin.com.