What is the criteria
In order for cases to be recommended to CFS for investment by the Advisory Committee, the following criteria must be met:
All cases introduced by carefully selected law firms who specialise in commercial litigation and already have a positive indication of success from a QC.
Extensive due diligence conducted by Knights PLC, ATE Underwriters and members of the Advisory Board.
Cases must have a high probability of success within an acceptable timescale (Usually sub-24 Months).
Cases must pass the “Quantum of Damages” and “Quality of Defendant” tests.
Principal Protection, usually via a blend of AA, A+, A and A- Rated ATE insurance, must be available to secure funder’s capital.