RE: RNS21 Dec 2024 18:37
Lcm costs over on Pat.
Some time ago a well researched poster said if the case dragged on and it went above the 5% mark..the applied interest ( if awarded at i think 6% pa) would cover the extra to Lcm give or take.
If there is an award and/or recovery, LCM Funding shall be entitled, in the first instance, to the amounts it has deployed from the Facility, as well as the greater of:
a) approximately US$1.36 million being 10% of the Funding Limit (which is the amount of the Facility);
b) a Funder's commission (the "Commission") of between 5% and 15% of the damages recovered, based upon the number of years that have passed from the date of the Funding Confirmation Notice; or
c) a multiple (the "Multiple") of between 2 and 4.25 times the total of the Facility, based upon the number of years that have passed from the date of the Funding Confirmation Notice.