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Manolete Partners PLC

Litigation Support 2022
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Litigation Support

About

Provided by Manolete Partners PLC
Litigation Support
Firm Details

Manolete was founded in 2009 by its CEO, Steven Cooklin and is the UK’s leading insolvency litigation financing company.

Manolete finances the pursuit of claims through litigation and alternative dispute resolution to produce optimal returns for the creditors of insolvent estates. The company is known for its expert knowledge of the insolvency sector and has completed over 380 specialist insolvency cases, with over 240 live cases.

The company’s headquarters offices are located in central London. Manolete has also built up a strong regional network of lawyers across Britain. All the regional heads are solicitors expert in insolvency law at or around partner level. Manolete works alongside Insolvency Practitioners (IPs) from all of the ‘Big Four’ through to one and two partner specialist practices in the regions. Case values range from £20k to £70m. Manolete finances all legal costs and expenses and provides the IP and the estate with a full indemnity off its own balance sheet.

Manolete floated on the London Stock Exchange (AIM) in 2018 so has the financial strength to support claims.

The firm has been recognised by its peers in the insolvency sector and has won the Turnaround, Restructuring and Insolvency (TRI) award for ‘Insolvency Litigation Funder of the Year’ four times in five years.

Case Types Include: 

• Director’s breach of duty

• Director's loan recovery

• Transaction at undervalue

• Preference

• Unlawful dividend

• Wrongful trading

• Fraudulent trading

• Transactions defrauding creditors

• Professional negligence

• Contractual disputes

Aspects of Manolete’s Insolvency Litigation Financing Model: 

• An initial non-refundable amount paid into the estate.

• The IP chooses the solicitors to work on the case.

• The solicitors and counsel are paid as the work is done.

• Additional investigation or analysis work is supported if required.

• If a recovery is made, Manolete gets back those costs and the remaining proceeds is split between the estate and Manolete - the estate’s share rises as the level of recovery rises.

• If no recovery is made, Manolete writes off all costs.

• Should adverse costs become payable, they are solely for Manolete’s account.

• Full consideration can be paid upfront in return for 100% of the recovery.

• There is no need for ATE insurance.

• Manolete does not use brokers.

Selected Manolete Personnel 

Steven Cooklin 

Chief Executive, ACA ACSI CF

Steven is a Chartered Accountant having qualified in 1991. Steven has over 20 years’ experience in corporate finance with National Westminster Bank, Calder Corporate Advisory Ltd and Hill Samuel Investment Bank and is a former director of HSBC Investment Bank (Corporate Finance Division).

Dr Stephen Baister– Board Director

Stephen is a senior adviser and Independent Non-Executive Director. Stephen was appointed as a bankruptcy registrar of the High Court in 1996 and as chief bankruptcy registrar in 2004, he retired in 2017. He has a PhD in Law.

Mena Halton– Head of Legal

Mena qualified as a solicitor in 1985 and has specialised in all aspects of contentious insolvency. Mena is ranked by Chambers for litigation funding UK wide 2019, 2020 and 2021, in Who’s Who Legal: Thought Leaders – Third Party Funding 2020 and the Lawyer’s Hot 100 list for 2020.

Testimonials 

“It’s been a great pleasure and honour to work with your company. I have been very impressed by Manolete’s professionalism.”

Gabriel Moss KC

“I congratulate Manolete for enabling cases that otherwise would not see the light of day to be taken forward to a successful outcome. It would not happen without them.”

Bernard Weatherill KC

“We’re using Manolete on a couple of cases at Deloitte and I’ve found them to be excellent. Highly professional, straightforward to deal with responsive, commercially astute and insightful. Can’t recommend them highly enough.”

Deloitte Partner

Contact: 

Manolete Head Office,

21 Gloucester Place,

London.

W1U 8HR

Steven Cooklin, CEO

Tel: 0203 859 3490

[email protected]

Mena Halton, Head of Legal

Tel: 0203 859 3495

[email protected]

Members

Manolete Partners PLC rankings

Litigation Support Guide 2022
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UK-wide
Litigation Funding: Insolvency
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Mena Halton
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