REG - Litigation Cap. Mgmt - Positive development on case

Litigation Capital ManagementAnnouncement

12/01/2026 14:15

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RNS Number : 5649O  Litigation Capital Management Ltd  12 January 2026

12 January 2026

Litigation Capital Management Limited

("LCM" or the "Company")

Positive development on international arbitration claim

 

Litigation Capital Management Limited ("LCM"), an alternative asset manager
specialising in dispute financing solutions internationally, announces a
positive development in the international arbitration claim against the
Republic of Poland (Poland) that it funded.  As previously announced on 8
October 2024, the funded party achieved a successful outcome, securing two
separate awards - one under the Energy Charter Treaty (ECT) of £252 million
plus interest; and one under the Australia-Poland Bilateral Investment Treaty
(BIT) of £183 million plus interest.  There is no double compensation
meaning that total damages cannot exceed £252 million plus interest.

Poland commenced set-aside proceedings in Singapore (ECT) and London (BIT) to
attempt to annul the original awards.  The Singapore proceedings recently
concluded and the Singapore court rejected in its entirety Poland's
application to set-aside the ECT award.  Poland has a right to an appeal and
such an appeal must be filed by 6 February 2026.  We anticipate an appeal
will be filed and expect the Singapore court to resolve such an appeal in the
second half of 2026.

LCM has invested into this case alongside Fund I investors with the total
investment being US$11.3m with US$2.8 million coming from LCM's own balance
sheet and US$8.5 million from Fund I.  LCM's returns are calculated as a
rising multiple of invested capital over time plus interest.  LCM's
contractual entitlement on this case currently stands at approximately US$71.9
million with US$18.0 million of that flowing to LCM shareholders and US$53.9
million flowing to Fund I investors.  LCM does not anticipate earning a
performance fee from Fund I investors on this case as a result of previously
announced adverse case results impacting Fund I.

 

Enquiries

 Litigation Capital Management
 Patrick Moloney, Chief Executive Officer

 David Collins, Chief Financial Officer

 Cavendish (Nomad and Broker)                               Tel: 020 7220 0500
 Jonny Franklin-Adams and Isaac Hooper (Corporate Finance)

 Tim Redfern (Corporate Broking)

 

www.lcmfinance.com (http://www.lcmfinance.com)

 

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