In a strategic move, litigation finance giant Burford Capital announced its expansion into the Middle East with the opening of its first office in the region in February. The company, a front-runner in the litigation financing industry, saw this as an opportune moment to strengthen its standing in the region and to ride on the wave of potential opportunities in diversified sectors.
Dan Hall, co-head of EMEA and co-head of asset recovery, relocated to the UAE, manifesting Burford’s commitment to tap into expected opportunities within the country and in its neighboring regions. According to internal communications, this move seeks to capitalize on the growth potential across various sectors.
A significant portion of the work undertaken by Burford in the Middle East involves enforcement for a dominant client base of financial institutions and banks. Here, Burford’s products and services predominantly cater to these commercial entities’ need for third-party litigation financing.
Besides UAE’s central role as a hub for such services, an increasing number of construction disputes are beginning to appear in Qatar, particularly in the post-World Cup era. Furthermore, countries like Saudi Arabia are also becoming key players, demonstrating a rising need for litigation financing solutions. It’s clear that as legal landscapes evolve within these regions, companies like Burford Capital are primed to bridge the gap between complex litigation proceedings and financial solutions.
Read more about Burford Capital’s Middle Eastern venture in the original Law.com piece.