A market leader in large scale
Commercial Litigation Funding


Calunius Capital LLP acts as the sole Investment Adviser to the Calunius Litigation Risk Fund LP, the Calunius Litigation Risk Fund 2 LP and the Calunius Litigation Risk Fund 3 LP and certain related investment partnerships (the “Calunius Funds”).  The Calunius Funds are focussed exclusively on investments in Litigation and Arbitration Funding and have combined capital commitments of more than £200million.  Calunius Capital advises the Calunius Funds on the origination, assessment and execution of funding transactions linked to large scale commercial litigation and arbitration claims, both in domestic and international contexts.

Calunius Capital is authorised and regulated as an Investment Adviser by the Financial Conduct Authority (FCA) and has been so authorised and regulated since 2007.  The Calunius Funds are authorised by the Guernsey Financial Services Commission (GFSC) as Closed Ended Investment Schemes.  Investments are made through SPVs, the corporate director of which is regulated by the GFSC as an Investment Licensee.

Calunius Capital LLP has been a funder member of the Association of Litigation Funders of England & Wales (“the ALF”) since the ALF was established in November 2011.

Calunius news and media

Hamburg International Arbitration Day

Hamburg, 20 March 2018

Calunius' Christian Stuerwald will be conducting a workshop and give a presentation at the Hamburg International Arbitration Day, which focuses among other things on Third-party Funding in International Arbitration. The topic of Christian's presentation will be 'Third Party Funding in Germany and Europe - Views from a Funder'. Click on the headline to access the programme.

Rusoro wins enforcement against Venezuela

March 2018

A US court has confirmed a US$1.3 billion ICSID additional facility award in favour of Canadian mining company Rusoro against Venezuela, rejecting arguments that the arbitrators exceeded their authority in calculating damages or that enforcement should be stayed pending a challenge to the award in France. In a judgment on 1 March, Judge Richard Leon in the US District Court for the District of Columbia confirmed the award, which Vancouver-based Rusoro obtained in 2016 in a claim under the Canada-Venezuela bilateral investment treaty financed by Calunius. An article on the decision is available on GAR, click on the headline to access it.

Competition Law Conference

Stockholm, 8 February 2018

Calunius' Christian Stuerwald participated in a panel discussion about 'Private Enforcement of Competition Law' at the event, among the topics discussed were: Implementation of the EU Damages Directive in the region, Jurisdiction and forum shopping, Risks and opportunities for in-house lawyers and Funding options. Click on the headline to access the programme.


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