Hedge fund Gramercy has become embroiled in a dispute over the strategy and legal representation of a £36bn claim against BHP and Vale arising from the 2015 Mariana dam disaster in Brazil, according to a report by the Financial Times.
The case highlights the tensions that can emerge when alternative investment capital is used to finance large-scale litigation.
Gramercy, which has provided more than $700m in funding to Pogust Goodhead across its cases, backed the litigation boutique’s former chie...
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