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Bestace's Latest Comments

Personally I don't think there is any chance of the forum non conveniens motion succeeding. I would agree it's unlikely to succeed, but if it was such a long shot the judge could have declined to even hear the motion, particularly since the same judge opined previously on YPF's FNC motion in 2016, rejecting it mostly on the basis of the intimidatory behaviour you mention.…

In the short-term, I don't see how it affects the court process, ongoing in the US The latest from the Petersen case in New York is that Argentina are in the process of submitting a forum non conveniens motion which, if successful would see the US judge decline to hear the case on the grounds that the Argentine courts are a more appropriate forum for…

Given that Burford didn't directly accuse Muddy Waters in this morning's RNS of engaging in the market manipulation, that tweet from MW looks to me like a 'non-denial' denial of the sort more commonly favoured by politicians.

On Thursday’s SVCR I made this comment about the choice of accounting policy by some of the listed litigation funders: The relevant question in my mind is why does Burford apply IFRS 9 for its investments whereas IMF Bentham apply the Australian equivalent of IFRS 38 (intangible assets) and Litigation Capital Management (LON:LIT) applies IFRS 15 (contracts with customers)? I’m expanding on this point here…

That's very kind of you to say so Paul. A few more comments: I don't think the Burford response has fully addressed all of MW's points, so there are still some questions that need resolving in my mind. Firstly, if there was no interaction between Burford and Invesco on the Napo recapitalisation, why was the £3m Invesco equity investment specifically directed to paying down Napo's…

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