Investors in failed tax mitigation schemes such as Omega Design and Build (part of the Montenegro project), Eclipse 35 and Invicta 43 now suddenly face massive tax demands. Some of those investors were mis-sold or negligently advised about those schemes and others like them.
The media portrayal of these schemes is that they were the preserve of the rich and famous whereas the reality is that those attracted to them were already struggling with their existing tax burden. As a consequence of being mis-sold these schemes, they now face a liability which often exceeds their investment ten-fold, and they have no means of paying it.
Where investors pursue those who mis-sold tax avoidance schemes to them, they normally have to pay for upfront legal fees and expenses. Even where a lawyer is prepared to work on the basis of being paid only on the successful outcome of the claim, there is still often the need to pay for other expenses such as forensic expert’s fees and Court fees for bringing the claim.
We have created a solution – Capital Dispute Finance. If we think you have a good claim, we’ll run it, fund it and cover all of the risks (such as the risk of having to pay your opponent’s costs if the claim is unsuccessful).
Through Capital Dispute Finance, we are able to empower those who are unable or unwilling to bear the costs and risks of bringing claims against their former advisors. We are increasing access to justice for those who are desperate to right a wrong, but have no means of doing so.