In Italy, the instrument of Litigation Funding is becoming increasingly widespread. This involves an entity, typically a Special Purpose Vehicle (SPV) or a Fund, that approaches the holder of a litigation right to support them in protecting their rights by bearing all expenses, including those due in the event of an unsuccessful outcome, or by making a purchase proposal.
This is also evident from the latest Global Antitrust Enforcement Report by Allen & Overy, which specifically records an increase in private enforcement actions within our territory. The article in Milano Finanza, in which we are cited, makes particular reference to actions for damages brought against banking institutions for the alleged manipulation of Euribor rates, but above all, to the agreement among corrugated cardboard manufacturers, which it describes as "...one of the largest cartels ever uncovered in Italy by the Antitrust Authority due to the number of companies involved (34) and the scale of the fines imposed."
We take this opportunity to remind you that LexCapital, in its capacity as a Litigation Funder, is actively collecting reports concerning the corrugated cardboard cartel up until May 31, 2024, which is the final deadline for accepting them.