Corporate clients are losing millions of pounds due to unenforced judgments, according to Burford Capital’s 2016 Judgment Enforcement Survey.
It found that 58% of corporations have not been paid the full value of judgments in the past five years, while 37% of corporates have unenforced judgments amounting to more than $10m.
Three-quarters of in-house executives cite ease and likelihood of recoverability as the most important factor in whether to pursue litigation and arbitration.
The survey is based on responses from more than 200 private practice lawyers, in-house counsel and corporate executives.
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