The Manolete Method

We work in a three-way partnership with IPs and their lawyers to ensure meritorious claims are pursued and resolved. We can pay large up-front cash payments.

The Manolete model:
Funding & assignment of claims

Stage 01 1 Week
Insolvency Practitioners/ Lawyer Enquiry

Insolvency Practitioners/ Lawyer Enquiry

IPs and their lawyers regularly contact Manolete to discuss cases they think Manolete may be interested in purchasing or funding. All we need essentially is a short summary of the claim and the key evidence supporting it.

Stage 02 1-7 Days
Manolete offer to Assign/Fund

Manolete offer to Assign/Fund

We carry out a thorough net-worth test and our Investment Committee decides in about a week whether we can finance the case. The IP always chooses their own lawyers. Whether Manolete is funding the IP or has taken an assignment, the IP stays as closely involved in the case as he or she wishes.

Stage 03
Sign Manolete agreement

Sign Manolete agreement

We use a simple, standard purchase or funding agreement. There is no requirement for ATE - instead all costs (including adverse costs) are covered by our full indemnity.

Stage 04
Legal process

Legal process

We contact the other side with a pre action letter so they know as soon as possible that Manolete is financing the case.

Stage 05
Settlement/ Judgment

Settlement/ Judgment

Many cases settle on commercial terms. Cases are taken to trial if necessary.

Stage 01 1 Week
Insolvency Practitioners/ Lawyer Enquiry

Insolvency Practitioners/ Lawyer Enquiry

IPs and their lawyers regularly contact Manolete to discuss cases they think Manolete may be interested in purchasing or funding. All we need essentially is a short summary of the claim and the key evidence supporting it.

Stage 02 1-7 Days
Manolete offer to Assign/Fund

Manolete offer to Assign/Fund

We carry out a thorough net-worth test and our Investment Committee decides in about a week whether we can finance the case. The IP always chooses their own lawyers. Whether Manolete is funding the IP or has taken an assignment, the IP stays as closely involved in the case as he or she wishes.

Stage 03
Sign Manolete agreement

Sign Manolete agreement

We use a simple, standard purchase or funding agreement. There is no requirement for ATE - instead all costs (including adverse costs) are covered by our full indemnity.

Stage 04
Legal process

Legal process

We contact the other side with a pre action letter so they know as soon as possible that Manolete is financing the case.

Stage 05
Settlement/ Judgment

Settlement/ Judgment

Many cases settle on commercial terms. Cases are taken to trial if necessary.

  • Simple
  • Fast
  • Effective
  • Fair
    • Example 1: Case won

      Claim: Director's Loan Account + Unlawful Dividend:
      Headline Value £400,000, settles at £300,000

      Manolete takes assignment of the claim

      Provides IP and Estate full protection from adverse costs

      Manolete pays Estate initial consideration of £40,000 (non-refundable)

      IP's choice of Lawyers continue conduct of Litigation

      No preferred "panel" of solicitors

      Legal team paid as work incurred, no CFA requirement

      Case settles for £300,000
      Legal Costs paid: £40,000
      Net Proceeds: £220,000

      Estate paid a further £121,000 (total received £161,000)

      Manolete re-paid costs of £80,000 + £99,000 share of net proceeds

      Result

      Estate: £160,000

      Legal Team: £400,000

      Manolete: £99,000

      Ate Costs: £0

    • Example 2: Case Lost at Trial

      Claim: Preference: Headline Value £400,000, zero recovery

      IP signs funding agreement with Manolete

      Provides IP and Estate full protection from adverse costs

      Manolete pays Estate initial consideration of £40,000 (non-refundable)

      IP's choice of Lawyers continue conduct of litigation

      No preferred "panel" of solicitors

      Legal team paid as work incurred, no CFA requirement

      Case Lost: Adverse costs award against IP of £80,000.

      Own costs: £60,000

      Manolete pays adverse cost awared £80,000

      Manolete writes off entire investment of £180,000

      Result

      Estate: £40,000

      Legal Team: £60,000

      Manolete right-off: £180,000