KPMG, HFW and Augusta Ventures to support Covid-19 legal disputes

08 July 2020 2 min. read
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As many companies struggle to overcome problems caused by the coronavirus pandemic, HFW, KPMG and Augusta Ventures have announced a non-exclusive project to support them. The trio will assist companies with arbitration, legal assistance, asset-tracing efforts.

Speaking about the non-exclusive project, Brian Perrott, Partner at HFW, said, “The pandemic is the biggest disruption to business since 2008 and will give rise to countless disputes and claims, largely through no fault of either party. But companies wishing to resolve such disputes may find themselves unable to fund the costs of any litigation at this difficult time.”

HFW is a leading global law firm in the aerospace, commodities, construction, energy and resources, insurance, and shipping sectors. The firm has more than 600 lawyers, including 185 partners, based in offices across the Americas, Europe, the Middle East and Asia-Pacific. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture. For its part, the firm will work to provide legal assistance to organisations hit financially by the lock-down months, and who may be locked in disputes with contractors to recover lost value.KPMG, HFW and Augusta Ventures to support Covid-19 legal disputesKPMG is one of the world’s four largest professional services firms, meanwhile, and provides audit, tax and advisory services to a wide variety of public and private sector organisations. KPMG in the UK is one of the largest member firms of KPMG’s global network providing Audit, and as part of the project with HFW and Augusta Ventures, the Big Four giant will support asset-tracing and enforcement measures for organisations who win crucial payments from contractors via legal disputes.

David Standish, Partner at KPMG, commented, “Our expertise in asset-tracing and enforcement is of the utmost value to clients who wish to recover losses. Working with this team means we can tackle all aspects of the problem very quickly. The added comfort of funding means no claim need be delayed because of problems around financing the work.”

Finally, Augusta Ventures is the largest litigation and dispute funding institution in the UK by case volume, having committed in excess of £250 million to over 230 claims. With Augusta on board assisting with arbitration and litigation, it is hoped parties will be reassured as the work to deal with problems caused by the pandemic that are unforeseen, and for which there is no time to make any cash provision to fund the matter.

A statement from Robert Hanna, Co-Founder and Managing Director of Augusta Ventures, read, “Collaborating with HFW and KPMG will allow us to deliver a seamless, low-risk litigation process for claimants seeking to recover funds. Together, we will level the playing field providing funds for access to justice and place our clients on the best path for success.”