Our News

Provenio Litigation LLP appoints Head of Finance and Administration

Posted on August 26th, 2021

Provenio Litigation LLP has continued its expansion with the appointment of John Smith as Head of Finance and Administration.

John, who has extensive senior-level finance experience with publicly listed and private companies, joins Provenio Litigation LLP from SIP Building Systems Ltd, where he was FD.

Commenting on his decision to join Provenio Litigation LLP, John Smith said: “Provenio is an exciting business with huge potential.

“The firm plays to its strengths as a business litigation practice specialising in high value and complex disputes and is well placed to realise a range of growth opportunities. It’s an exciting time to come on board.”

Said Mark Goodwin, founder and managing partner at Provenio Litigation LLP: “John is an outstanding finance professional who is well known to our team as a former client of over 20 years. His input will be of huge benefit as we continue to drive the business forward.”

Since its launch in 2019, Provenio Litigation LLP has made giant strides.

Advising on high-value, national and international commercial disputes, the firm has attracted business litigation instructions with a combined value in excess of £750 million.

Last year, Provenio also launched a £50m fund in partnership with leading global litigation funder Therium to finance high-value claims.

Recent senior level appointments include former Exchange Chambers CEO Tom Handley as a Director of the business and former DLA Piper head of litigation and regulatory, David Gray as a consultant.

The firm’s progress has also been recognised by the independent legal directories. Provenio is ranked in Tier 1 for Commercial Litigation: Liverpool in the Legal 500.

Covid-19 Business Interruption claims – important update for policyholders

Posted on July 28th, 2021

As you may be aware, Provenio Litigation LLP is preparing to act on behalf of policyholders, with the requisite cover, claiming Covid-19 related business interruption pay-outs from insurers.
This is being funded by global litigation funder, Therium. As a result, there are no upfront costs for businesses bringing a claim.

Provenio Litigation LLP has now reviewed hundreds of policies with a large number of insurers.

As a result, we are in a position to advise businesses on which policies are likely to respond to Covid-19 business interruption claims (subject to individual circumstances).

For further information or to register your interest please contact us.

(This action is being run on a No Win, No Fee basis – this means that you will not be charged any money up front in order to process your claim. If your case is successful, you will pay Provenio an agreed amount of your compensation. You will only need to pay a fee if we work on your case and you do not continue to completion. Further information will be provided before engagement.)

Insurers playing “fast and loose” with Supreme Court ruling and Business Interruption claims

Posted on May 13th, 2021

Insurers are playing “fast and loose” with a Judgment handed down by the Supreme Court, according to a law firm preparing to act on behalf of thousands of Covid-19 business interruption policyholders.
On 15 January 2021, the Supreme Court delivered its Judgment in the Financial Conduct Authority’s (FCA) business interruption insurance test case, substantially allowing the FCA’s appeals and dismissing the insurers’ appeals.
The Judgment is legally binding on the eight insurers that agreed to be parties to the test case and also provides authoritative guidance for the interpretation of similar policy wordings and claims.
The FCA is collating data on payments by insurers on policies which are, in principle, capable of responding to the Covid-19 pandemic. However, several insurers have provided a nil return.
The FCA commented: “We noted some insurers may have reached different conclusions on whether similar policies are, in principle, capable of responding to the Covid-19 pandemic. This is particularly the case for policies which require the policyholder to prove the presence of coronavirus at the premises. This may affect the number of accepted and pending claims that some insurers have reported.”
The FCA test case was estimated to affect as many as 370,000 policyholders – but latest figures from the FCA show that insurers have accepted claims in just 35,438 cases.
Mark Goodwin, Managing Partner at Provenio Litigation LLP, said:
“Despite the Supreme Court ruling and public assurances to the contrary, potentially legitimate claims are still being rejected, delayed or not met by insurers.
“In its latest guidance, the FCA has again had to remind insurers of the need to handle claims promptly and fairly.
“If insurers continue in the same vein, it is likely that legal proceedings will be necessary to hold them to account.”
To view the latest data the FCA has collected (as of 6 April 2021) please go to their website – www.fca.org.uk
The data includes:
BI claims where the insurer has received all the information required to enable them to calculate the total value of the claim
BI claims for Covid-19 related loss that have been accepted
BI claims where the insurer’s decision as to whether there is a valid claim is pending
unsettled BI claims where an interim/initial payment has been made to the policyholder or their representative
BI claims where an offer of final settlement has been made, accepted by the policyholder, and paid in full
Provenio Litigation LLP is preparing to act on behalf of policyholders, with the requisite cover, claiming Covid-19 related business interruption pay-outs from insurers.
This is being funded by global litigation funder, Therium.  As a result, there are no upfront costs for businesses bringing a claim.
For further information, please go to www.proveniolaw.com

Provenio Litigation LLP launches Covid-19 Business Interruption legal action

Posted on March 18th, 2021

Provenio Litigation LLP is to launch a legal action on behalf of policyholders claiming Covid-19 related business interruption pay-outs from insurers.
The legal action is being funded by leading global litigation funder, Therium. As a result, there are no upfront costs for claimants.

“The Covid-19 pandemic has led to widespread disruption resulting in a significant level of financial loss for businesses, particularly small and medium-sized enterprises,” said Mark Goodwin, Managing Partner at Provenio Litigation LLP.

“In January this year, the UK Supreme Court backed policyholders in an urgent test case to determine whether businesses hit by Covid-19 should receive pay-outs under their business interruption policies.

“Insurers had argued that many business interruption policies did not cover widespread disruption but the Supreme Court categorically rejected their arguments.

“Despite the Supreme Court ruling and public assurances to the contrary, thousands of claims are still being rejected or not met by insurers.  Our legal action will right this wrong.”

Continued Mark: “The Supreme Court decision provides clear guidance, greater clarity and certainty for parties.

“Our specialist litigators will examine cases individually and assess if losses are recoverable under their policy.

“Having run a pilot scheme in December, we are expecting this legal action to attract thousands of claimants.”

Provenio Litigation LLP recently announced the launch of a £50 million fund in partnership with global litigation funder Therium to finance litigation and arbitration claims.

“The portfolio litigation funding agreement with Therium takes our business to a new level,” added Mark. “This legal action is a good example of the opportunities it provides to support clients in pursuing business critical claims without them incurring upfront costs.”

Provenio Litigation was launched in 2019 by a team of senior litigation lawyers from DLA’s Piper’s Liverpool office. Headed by founder and managing partner, Mark Goodwin, the team has over 100 years’ combined litigation experience at DLA Piper.

For further details on Provenio’s Covid-19 business interruption legal action please go to www.proveniolaw.com

Business Interruption Legal Action – Frequently Asked Questions

Posted on March 18th, 2021

During the COVID-19 pandemic, many insurance companies have tried to avoid paying out to businesses that had taken out Business Interruption Insurance (BII). This insurance policy was designed to provide cover for a company in the event that they have to fully or partially close down or if they lose money due to unforeseen circumstances.

This led to many business owners being significantly out of pocket, while the rent and bills mount up, seeing their livelihood disappear and having to lay off staff, with some businesses even facing insolvency.

However, in January 2021 a new Supreme Court ruling unanimously dismissed Insurers’ appeals about the scope of some of these policies and supported thousands of policyholders across the UK that have suffered business interruption losses as a result of the COVID-19 pandemic.

As such, businesses that had this BII cover may now be able to claim back losses suffered due to COVID-19. This means that businesses that were unable to trade, faced financial distress or had unforeseen expenses, may now be able to take legal action to rightfully claim back what’s owed to them and receive £1000s in compensation.

How do I know if I can claim?

If you tried to claim on your business interruption cover because of COVID-19 and your insurer told you that your policy does not cover COVID-19, you should immediately fill in our contact form at www.proveniolaw.com

You may be able to claim for all of the following:

Loss of revenue and profits due to a partial or full business closure.
Loss of stock (perishable goods, etc).
Unexpected expenses that have left you out of pocket.

What if I used an Insurance Broker?

Even if you used a broker to obtain your business interruption insurance policy, you are able to see if your claim is eligible.

Please note, if your losses are likely to be below £25,000 we are unable to accept you as a client and we recommend you consider bringing your claim through the Financial Ombudsman. Following the Supreme Court judgment we are also unable to accept claims against Zurich, Ecclesiastical or Covea Insurance.

You do not need to have any documents to hand in order to make your claim.

This legal action is being run on a No Win, No Fee basis – this means that you will not be charged any money up front in order to process your claim. You will only need to pay a fee if we work on your case and you do not continue to completion. If your case is successful, you will pay Provenio an agreed amount of your compensation.

Former Exchange Chambers CEO joins Provenio

Posted on February 25th, 2021

Provenio has appointed Tom Handley as a Director of the business.

Tom, formerly CEO at Exchange Chambers, will work closely with Provenio’s main board as the firm continues to implement its growth strategy.

Under Tom’s guidance, Exchange Chambers established itself as one of the largest full-service barristers’ Chambers in England and Wales with close to 200 members and offices in Manchester, Liverpool and Leeds. Tom also led Exchange’s expansion into new areas of law, such as a Group Litigation.

Said Mark Goodwin, Managing Partner at Provenio: “Tom has a proven track record and is widely respected in the legal services sector.

“His insight and commercial awareness, particularly in relation to the developing group litigation and funding, will be of huge benefit as we continue to build the business.”

Said Tom Handley: “Mark and the team at Provenio are recognised in the market as one of the leading litigation teams in the UK.

“With specialist expertise and a strong financial platform, the firm is ideally placed to realise new opportunities.”

Provenio recently announced the launch of a £50 million fund in partnership with leading global litigation funder Therium, to finance high value litigation and arbitration claims.

In December 2020, the firm also appointed David Gray as a consultant to its Investment Committee. David enjoyed a long and successful career at DLA Piper before retiring from the partnership in 2017. He was a partner for over 25 years, Head of the UK Litigation and Regulatory Group for 16 years and Manchester Office Managing Partner for 4 years.
Provenio was launched in 2019 by a team of senior litigation lawyers from DLA’s Piper’s Liverpool office. Headed by founder and managing partner, Mark Goodwin, the team has decades of combined litigation experience at DLA Piper.

Provenio Litigation LLP is a limited liability partnership
registered in England and Wales
with. registration number OC421348.
It is authorised and regulated by
Solicitors Regulation Authority with SRA number 649008.
A list of members is open for inspection at its
registered office above.
Partner denotes member of a limited liability partnership.
Notice: the firm does not accept service by email
of court proceedings other processes or formal notices of any
kind without specific prior written agreement.
Provenio Litigation LLP is a limited liability partnership registered in England and Wales with
registration number OC421348.
It is authorised and regulated by Solicitors Regulation Authority with SRA number 649008.
A list of members is open for inspection at its registered office above.
Partner denotes member of a limited liability partnership.
Notice: the firm does not accept service by email of court proceedings other processes or formal notices of any
kind without specific prior written agreement.
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