Prairie Secures A$18m Litigation Funding
(World News Cezch Republic)

NEWS RELEASE | 1 July 2020 PRAIRIE SECURES A$18M LITIGATION FUNDING TO PURSUE DAMAGES CLAIM AGAINST THE POLISH GOVERNMENT Arbitration claim to be submitted in coming weeks HIGHLIGHTS • Litigation Funding Agreement (LFA) signed with LCM to pursue international arbitration claims against the Republic of Poland for breaches of its obligations under the Australia - Poland Bilateral Investment Treaty and the Energy Charter Treaty (Claim) • The LFA facility is available for immediate draw down and provides funding to cover legal, tribunal and external expert costs and defined operating expenses associated with the Claim • A$18m is provided as a limited recourse facility, being repayable in the...