Coal Co. Snags $12M In Litigation Funds For Row With Poland

Law360 (June 30, 2020, 10:08 PM EDT) -- An Australian coal mining company has secured about $12 million in litigation funding (18 million in Australian dollars) from a British capital management firm to pursue a claim in international arbitration proceedings against Poland, saying it will repay the funds if it recovers a damages award.

Prairie Mining Ltd. said Tuesday that it has signed a litigation funding agreement with LCM Funding UK Ltd. so it can pursue its claims related to an investment dispute with the Polish government over coking coal projects. The dispute stems from Poland's expropriation of the Jan Karski and Debiensko mines, in breach of the Energy...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!