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Therium Appoints Stephen Akers to Lead Its Global Insolvency PracticeTherium Group Holdings Ltd., a leading provider of litigation finance globally with over $800 million of assets under management, has appointed Stephen Akers to lead its insolvency funding practice, based in London. Stephen is one of the world's leading insolvency practitioners, with a career stretching more than three decades, in which he has worked on some of the most complex, multi-jurisdictional insolvency cases involving substantial litigation. He has considerable experience of litigating in not just the UK but also in New York, Paris, Cayman Islands, BVI, Bermuda, Jersey and Guernsey, involving cases that have successfully recovered or defended many billions of dollars. Stephen joins Therium from Grant Thornton (News - Alert) where he was a partner for 16 years, following 15 years as a partner at Deloitte. Neil Purslow, Co-Founder and Chief Investment Officer of Therium, said: "Stephen is one of the world's preeminent insolvency professionals and we are delighted that he has joined Therium to lead our global insolvency litigation funding practice, which is a strong area of focus for the firm. He has tremendous global experience, having worked on some of the most high profile, multi-jurisdiction insolvency matters. We look forward to him leading our growing insolvency litigation funding practice, where we see huge opportunity." Stephen Akers said: "Therium has always been a leading innovator in litigation finance. The firm already has a very strong track record in funding insolvency cases, as recognised by its recent 'Insolvency Litigation Funder of the Year' accolade at this year's Turnaround Restructuring and Insolvency awards, and I am very excited to have the opportunity to build on Therium's success in this area. The breadth and flexibility of Therium's litigation finance offering provides a huge opportunity for office holders to deliver better financial outcomes to creditors." Stephen's high profile insolvency cases include:
In Chambers and Partners' inaugural litigation support directory this year, Therium was ranked as a Tier 1 litigation funder. Litigation funding allows individuals and companies to take on litigation and arbitration cases that they might not otherwise be able to afford, to hedge the costs and risks involved in such matters and to monetise the value of claims. ENDS About Therium Founded in 2009, Therium is a leading global litigation financing firm with a market-leading track record of generating superior returns for its investors. The firm works across all forms of commercial litigation and arbitration and invests in a broad range of complex commercial disputes, from securities and shareholder actions, international arbitration, competition and antitrust cases, through to intellectual property, insolvency and class actions. In February 2018, Therium announced its latest fund of £200m, which the company is now actively deploying, and Therium has now raised nearly $800 million since its foundation. To date, the firm globally has funded claims valued at $36 billion. Therium has consistently been at the forefront of innovation in litigation finance, pioneering the combined use of insurance tools alongside funding vehicles, and introducing portfolio funding products into the UK. The firm's ability to develop innovative funding arrangements and bespoke financial solutions for litigants and law firms complements its unmatched experience and rigorous approach to funding a wide range of commercial disputes in varying jurisdictions throughout the world. In Chambers and Partners' inaugural litigation support directory this year, Therium was ranked as a Tier 1 litigation funder. Therium is a founder member of the Association of Litigation Funders.
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