Enabling mining company’s expropriation claim

Challenge: New government expropriates licenses 

An international minerals and mining company had been developing a mine for over a decade. The company’s exploration and exploitation licenses relating to the development of its mines were expropriated following a political transition. The company immediately initiated arbitration and litigation proceedings, which were likely to take many years to complete and place a significant burden on the business.  

Solution: Funding to offset a lengthy treaty arbitration

Burford provided $20 million in legal finance to fund the legal and associated costs of the arbitration and litigations, offsetting the cost and risk of pursuing the lengthy matter.  

Impact: Risk of loss minimized

While the case is still ongoing, the risk of a loss after a prolonged financial and time investment has been minimized due to infusion of Burford’s non-recourse capital.