Persona and Sigma ordered to disclose funding agreement

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Persona Digital Telephony Ltd and Sigma Wireless Networks Ltd were ordered by the High Court to disclose their litigation-funding agreement on 30 June 2015. The companies had brought damages proceedings after unsuccessfully applying for a second GSM mobile telephone licence.

The disclosure order required information about the funding arrangement with Harbour Fund III to be provided to the defendants, while allowing redactions for funding budgets, timelines, remuneration, termination provisions, confidentiality and legally privileged material. The court described the issue as novel and considered whether the arrangement raised questions about maintenance and champerty, the funding of another party’s litigation.