Aviva Will and David Perla will become Burford’s Co-Chief Operating Officers. To be eligible for the funding, the litigation or arbitration must have a woman as lead partner or client relationship manager, or be responsible for bringing the work in, or be run by a women-owned firm. Burford will continue to be managed by its management Committee, composed of Christopher Bogart (Chief Executive Officer), Jonathan Molot (Chief Investment Officer), Jim Kilman (Chief Financial Officer), Elizabeth O’Connell (Chief Strategy Officer) and the four executives named above. Burford launched the Equity Project in October 2018 in recognition of the under-representation and under-compensation of women partners at leading firms in the UK and US. Burford Capital Limited (LON:BUR) is under attack and the stock could fall much further from current levels. Burford is eligible to list in the US as a “foreign private issuer”, a listing status that permits Burford to continue to report its accounts under International Financial Reporting Standards (“IFRS”) and not move to US Generally Accepted Accounting Principles (“GAAP”) and quarterly reporting. In the simplest example though, Burford funds a plaintiff’s lawsuit by paying their legal expenses. Burford will be seeking a full-fledged US listing of its ordinary shares as opposed to an American Depository Receipt (“ADR”) structure; once effective, Burford’s ordinary shares would trade on both the US exchange and LSE AIM. endobj Burford Capital Limited (BUR) is a leading asset management business based in the UK. endobj These shares will be purchased for use in satisfying any vested share awards made under the Company’s 2016 Long Term Incentive Plan (“LTIP”). Therefore, if it is forced to repay the bonds maturing over the next five years, rather than refinancing them, due to the controversy about the company from the Muddy Waters short attack, it may have to shrink its balance sheet, which will lead to lower earnings. Chat Pages: 885 884 883 882 881 880 879 878 877 876 875 874 Older. Recognizing the need for real change, in 2018 Burford launched The Equity Project, a groundbreaking initiative designed to close the gender gap in law by providing an economic incentive for change through a $50 million capital pool earmarked for financing commercial litigation and arbitration matters led by women. In response to shareholder inquiries, Burford confirms that it will provide in its 2019 annual report information about management compensation (including individual compensation disclosure for Messrs Bogart and Molot) consistent with the disclosure obligations to which it will be subject under its potential US listing even though those obligations will not yet have taken effect. Burford’s global legal finance team is the largest and most experienced in the world. The ultimate timing for any listing is difficult to predict and will depend on a variety of factors, including the SEC comment process. Burford is a capital intensive business – it needs to reinvest capital in order to maintain its earnings, and also to grow. It operates as a finance and professional services company worldwide with principal offices in New York, London and Chicago. Lawyers target Volkswagen ‘dieselgate’ settlement with German consumers Carmaker says it has agreed payments up to €6,250 per car with 200,000 claimants Post. Burford Capital LimitedJim Kilman, Chief Financial Officer+1 917 985 9840Robert Bailhache, Head of Investor Relations - email+44 (0)20 3530 2023, Macquarie Capital (Europe) Limited - NOMAD and Joint Broker+44 (0)20 3037 2000Jonny AllisonAlex Reynolds, Jefferies International Limited - Joint Broker+44 (0)20 7029 8000Graham DavidsonTony White, Numis Securities Limited - Joint Broker+44 (0)20 7260 1000Charlie FarquharJonathan AbbottAbout Burford Capital. 2020.01.07 - Burford Capital Update On Management, Corporate Governance And Related Matters, California Consumer Privacy Act (CCPA) Notice, Complaints notice for Burford Law clients. … Burford provides a broad range of corporate finance and insurance solutions to lawyers and clients engaged in significant litigation and arbitration around the world.” (2014 Interim Report) Burford Capital is listed on the London Stock Exchange (LSE) and employs 129 staff. %���� Burford Capital Limited Compensation and Benefits Manager Burford Capital is the leading global finance and asset management firm focused on law. Date Subject Author Discuss; 09/5/2021 10:03: True value, not "fair value" is based on what one will pay for it. BUR Share News. If the case is won, the plaintiff pays Burford … About Us; Awards; In response to shareholder inquiries, Burford confirms that it intends to keep the roles of Chairman and CEO separate.Listing arrangements. Burford said the Equity Project recognised the under-representation and under-compensation of women partners at leading firms in the UK and US. The Financial Ombudsman Service and Financial Services Compensation Scheme may consider certain investment related claims. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. There is no litigation pending against Burford at present other than ordinary course skirmishing within a small number of ongoing funded investment matters. endobj Compensation and Benefits ... Glassdoor has 4 Burford Capital reviews submitted anonymously by Burford Capital employees. ... with no increase in compensation. A free inside look at company reviews and salaries posted anonymously by employees. <> Burford does not intend to issue new equity as part of the US listing. See stock chart. See the company profile for BURFORD CAPITAL LIMITED ORD NPV (BUR.L), including business summary, industry/sector information, number of employees, corporate governance, key … Burford Capital Share Discussion Threads. Muddy Waters v Burford Capital — the claims and defence Burford’s most feted success has been the financing of a landmark claim by Petersen, a Spanish conglomerate. The latest price was 611p (25 minute delay). Although Burford does not need to produce US GAAP financial statements in order to file its registration statement with the SEC, it does need to provide IFRS statements that are prepared and audited pursuant to applicable SEC rules for foreign private issuers, including the auditing standards established by the US Public Company Accounting Oversight Board (“PCAOB”), as opposed to statements prepared and audited pursuant to International Accounting Standards (“IAS”) which are required by the LSE. The two Spanish firms are in the process of liquidation after filing in 2012 for bankruptcy protection; Burford, Prospect Investments, won rights to begin legal proceedings. %PDF-1.7 Burford Capital is the leading global finance and investment management firm focused on law. Burford Capital Limited (“Burford Capital” or “Burford” or “the Company”), the leading global finance and investment management firm focused on law, today provides the following update on a variety of management, corporate governance and related matters. The Petersen Group owned a 25% stake in YPF when it was owned by Repsol. Burford is publicly traded on the London Stock Exchange, and it works with law firms and clients around the world from its principal … As previously announced, David Lowe will leave the Board at the May 2020 AGM, and Sir Peter Middleton will leave the Board at the May 2021 AGM. 24 March 2021 . Burford Capital has accused a US hedge fund of making “false and misleading” claims that wiped more than £1bn off its value, and warned the accusations could amount to market manipulation. Latest results release; Financial report FY 2020. 2 0 obj If the case is lost, Burford loses their entire investment. Craig Arnott will become Burford’s Deputy Chief Investment Officer, working with CIO Jonathan Molot across our entire investment portfolio, and will also retain responsibility for growing and developing the Australian market. (This is the same status used by firms such as Barclays and Fiat Chrysler.) Ernst & Young LLP, Burford’s auditors, are planning to be able to provide the necessary PCAOB audit opinions for the years ended 31 December 2017, 2018 and 2019 as part of our filing with the SEC after the release of Burford’s 2019 results, with the expectation that Burford’s registration statement would be filed with the SEC in April 2020. Burford Capital is the leading global finance and investment management firm focused on law. Mark Klein, Burford’s General Counsel, will add the role of Chief Administrative Officer, managing our legal, operational and administrative functions. While Burford is mostly known for funding lawsuits, they provide legal capital in a variety of ways. “Burford Capital is the world’s largest provider of investment capital and risk solutions for litigation with the largest and most experienced dedicated team in the industry. Burford Capital Share Chat. To be eligible for the funding, the litigation or arbitration must have a woman as lead partner or client relationship manager, or be responsible for bringing the work in, or be run by a women-owned firm. Burford is publicly traded on the London Stock Exchange, and it works with law firms and clients around the world from its principal offices in New York, London, Chicago, Washington, Singapore and Sydney. Past performance is not indicative of future results. Two years following the launch of The Equity Project—which provides an economic incentive to close the gender gap in law through a $50 million pool of capital earmarked to back commercial litigation and arbitration led by women—Burford Vice President Jessica Woodhouse asked some of the lawyers who serve as Equity Project Champions to offer practical advice to law firm … Burford Capital Limited (“Burford Capital” or “Burford” or “the Company”), the leading global finance and investment management firm focused on law, today provides the following update on a variety of management, corporate governance and related matters. According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. Showing 22101 to 22124 of 22125 messages. <>/Metadata 190 0 R/ViewerPreferences 191 0 R>> Burford and its lawyers have completed extensive preparatory and analytical work with respect to a potential US listing under the Securities Act of 1933, and Burford is now ready to undertake the formal process of seeking a US listing, which is commenced by submitting a registration statement to the US Securities and Exchange Commission (“SEC”). View recent trades and share price information for Burford Capital Ltd and other shares. The latest Burford Capital Ltd share price (BUR). Burford Capital is the leading global finance and investment management firm focused on law. The Board reviews its performance and director compensation annually and regularly discusses succession planning and management oversight. The Company has engaged Korn Ferry to lead a search for two new independent Board directors. Chat About BUR Shares - Stock Quote, Charts, Trade History, Share Chat, Financial Terms Glossary. The Board also intends to nominate Christopher Bogart, Burford’s CEO, to join the Board; that nomination will also be put to shareholder election as part of the May 2020 AGM. 24 March 2021 . As previously announced, Burford plans either to add a US listing on the New York Stock Exchange or NASDAQ for trading in its ordinary shares or to migrate to the London Stock Exchange (“LSE”) Main Market. AIM-listed Burford Capital's share price is down over 57% today US-based Muddy Waters claims Burford is 'arguably insolvent' Burford has given investors returns of over 1,200% in five years Burford has created its inaugural Executive Compensation Manager position to assist in managing the increasing complexity of our growing global workforce and the related complexity of our compensation and benefits offerings, including with respect to executive compensation. The claim said that Muddy Waters had built up a “significant, but at that time undisclosed, short position” in Burford, amounting to 0.71 per cent of Burford’s share capital. YPF claims account for $773m, or 38 per cent of Burford’s capital provision assets, and 53 per cent of the “capital provision income”. Its businesses include litigation finance and risk management, asset recovery and a wide range of legal finance and advisory activities. That search has been proceeding well and the interview process around new directors is ongoing. During the day the price has varied from a low of 608.5p to a high of 623.5p. ;��A�KTՋ�$����}X�dY�'���c=a�^3�\%��p�l�?����dyX-�3���u==��gT� ���dd�%G�e}�Ohp�n /˗�Y�hVQ�'� P��䡞-P%�UK�f .2y{�Ohp�R˄ -�/,�z��� �J�Є�&���XN�ǿ�bh��m�_��B�3y.�ؐ��ES�L����Ifx:��2MP�=��=�IƏ�{ ]8�2�J�j�Z�S1Y���~��nX 7����^��l2�� �_�LLv�[n�X�����Qp: �!���. 4 0 obj Please complete the form below or email us directly. For more information about Burford: www.burfordcapital.comThis release does not constitute an offer of any Burford fund. Burford believes it has the deepest management bench in the industry and has announced the following management changes to ensure that it is positioned for future global growth as the business enters its second decade. Any such offer or solicitation may be made only by means of a final confidential Private Placement Memorandum and other offering documents. BURFORD CAPITAL REPORTS RECORD 2020 REALIZED GAINS AND STRONG CASH GENERATION . Read employee reviews and ratings on Glassdoor to decide if Burford Capital is right for you. In 2014, Argentina paid Repsol more than 6 billion dollars compensation. 3 0 obj Burford Capital Investment Management LLC ("BCIM"), which acts as the fund manager of all Burford funds, is registered as an investment adviser with the U.S. Securities and Exchange Commission. It opened the day at 618p after a previous close of 616p. Burford Capital, founded in 2009, provides specialized finance to the legal market. The information contained herein is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including, without limitation, interests or shares in the funds). The Burford Capital share price has risen by 1.17% over the past month and it’s currently trading at 533.2.For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue. Burford intends to purchase as soon as practical up to 410,000 of its ordinary shares for total value not to exceed £4 million. Get in touch We welcome inquiries about Burford financing and other ways Burford can help clients and law firms. Burford is pleased to report that the US securities class action against Burford filed in August 2019 has been withdrawn by the plaintiffs and dismissed in its entirety. <> 1 0 obj <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/Annots[ 19 0 R] /MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> One of the five firms looking to obtain compensation for investors who lost money in the break-up of investment fund Woodford Equity Income is set to launch a multi-million pound claim. Glassdoor. Burford Capital reports record 2020 realized gains and strong cash generation. The information provided herein is for informational purposes only. x������ bFD�.Ta֡XKn�ۭDŽ{(���H$[�����:pS��P(Teef�]x�u�[.fW�諯�}��ͮn�y�ۻ���_�.6Ż�f���l�\��}�_���b6/������菷o�$�9�Qe�s���7��9Z�}sv��ͻoY�X���b�� �~i�"͓��HK�d&���~�}���ƌ��θ��޾�m���.����0��o�<>��: ��S�� f�&�|��4[�ɓ����F�D�M���y�n�!�ֻ��n�'�]�wc�$K�(�zt�\%���&��rHJ� S�"��N�r�dy��D�? success of the business. About Burford Capital. ... Management compensation. Burford Capital News Headlines. Burford’s Annual General Meeting will be held on Wednesday 13 May 2020 at 2:30pm British Summer Time. It is not viable to file a registration statement without including Burford’s 2019 results. stream Burford is constrained by applicable law from commenting in any detail on its progress towards adding a US listing and thus Burford will not be able to update the market further with the ongoing details of the listing process. Burford values rigorous thinking, clear communication, and efficient execution. Burford Capital Limited, the leading global finance and asset management firm focused on law, today announces its final audited financial results for the twelve months ended December 31, 2020 ("FY 2020") . The Board meets in closed session without management present at each of its meetings. Burford said the two officers also committed to buy more … The company offers financing to lawyers and clients engaged in litigation and arbitration, asset recovery and other legal finance and advisory activities. Burford presently intends to release its full year results for the year ended 31 December 2019 on Tuesday 24 March 2020 and will host a management call for analysts and investors that day at 2:00pm Greenwich Mean Time / 10:00am Eastern Time; further details will be provided in due course. Burford Capital Limited . Its businesses include litigation finance and risk management, asset recovery and a wide range of They will be jointly responsible for Burford’s global marketing, origination and underwriting activities, along with the management of the teams engaged in those activities across all our offices. 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