Persona Digital funding agreement disclosure ordered

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

The High Court ordered Persona Digital Telephony Ltd and Sigma Wireless Networks Ltd to disclose their litigation funding agreement on 30 June 2015, subject to redactions. The case concerns their damages claim after losing the competition for Ireland’s second GSM mobile telephone licence.

Ms Justice Donnelly held that confidential, litigation-sensitive and privileged material could be withheld, including details of the funding budget, Harbour’s remuneration and the circumstances governing funding termination. The plaintiffs had entered the agreement with Harbour Fund III, while seeking a declaration that the arrangement did not breach rules on maintenance and champerty.