Insights

Korea

  • Financing company’s claim against IP infringers

    Challenge :

    A Korean biopharmaceutical company retained a global law firm to protect its intellectual property rights in multiple US lawsuits. To pursue multiple lawsuits in US courts which might takes several years, the company needed capital.

    Solution :

    The company secured a major funder for legal fees and expenses to use the lawyers of its choice.

  • Leveraging third party funding to resolve international business disputes

    Challenge :

    The dispute arose between a US-based company, and a Korean fuel cell company regarding their collaboration in the molten carbonate fuel cell business. The two companies had previously worked together through licensing agreements and equity investments to advance the fuel cell technology. However, conflicts emerged in their business relationship, leading both parties to file claims against each other with the ICC.

    Solution :

    The US company turned to TPF to support its legal proceedings against the Korean Company. With the assistance of TPF, it was able to sustain its legal efforts and negotiate effectively during the arbitration process.

    The funding enabled the company to manage the high costs associated with international arbitration, while also leveraging strategic insights provided by the funder. Ultimately, the dispute was resolved through a mutually acceptable settlement.

  • A USD 150m settlement using TPF

    Challenge :

    A small UK-based company faced a major patent infringement dispute with a global electronics giant, alleging that its proprietary technology had been unlawfully incorporated into widely sold products. The projected litigation costs, estimated between $6 million and $10 million, were beyond the company’s financial capacity, leaving it unable to pursue the case without external support.

    Solution :

    The company secured TPF through a competitive process, enabling it to cover the substantial litigation expenses. With the financial and strategic backing of the funder, it proceeded with its claims, leading to a settlement just before trial. The resolution included a $150 million payment, covering licensing agreements and patent transfers, underscoring the crucial role of third party funding in achieving this outcome.