Therium’s Multi‑Million Gambles Expose Structural Risks in Litigation Finance

An investigation by KnowSulu highlights how Therium, once a litigation funding powerhouse, is scaling back and transferring liabilities amid mounting losses, a cautionary tale for third‑party legal finance.

Big Capital, Bigger Risks

Therium amassed over £1 billion in committed funding from institutional investors over the past decade. But these “committed” sums are long‑term investments, locked into a few protracted, high‑stakes cases, exposing millions to single-case downfall.

Litigation Funding Mechanism Under Scrutiny

Funders back legal claims in exchange for a multiple‑of‑capital plus a percentage of recoveries. For instance, Therium structured returns as 3× the investment plus 20% above £100 million in the HSBC/ECU case. Yet, when claims fail, funders can even be on the hook for pre-investment costs, highlighted in recent UK rulings.

Showcase Failures

Post Office Horizon: Therium invested around £24million. After reimbursement of its stake, funders, and legal fees in the £58million settlement, claimants received just £12million collectively, barely breaking even.Sabah Arbitration: Over $20million already spent on a $15billion claim tied to Sulu heirs, yet enforceability remains uncertain, and returns are far from assured.

Regulatory Shifts: PACCAR Fallout

The 2023 UK Supreme Court’s PACCAR decision reclassified many litigation finance deals as damages‑based agreements (DBAs), subject to regulation capping recovery at 50% and limiting eligible parties to licensed lawyers. That has invalidated or weakened many funder agreements.

Funders pivoted to investment‑multiple models, yet courts are scrutinizing even small DBA‑style clauses. Therium v Bugsby Property is now testing whether they can strip such clauses and still secure payment.

Facing legal uncertainty, concentration risk, and lacklustre returns, Therium has scaled back operations and transferred portfolios to Fortress Investment Group. Internal sources indicate the firm now focuses on managing legacy cases rather than launching new ones.

What This Means for the Industry

While litigation finance broadens access to justice, especially in group suits, its viability hinges on balancing social impact with investor returns. As UK courts reclassify agreements, enforcement grows murky, and big‑ticket deals underperform, the model’s future credibility is at stake.

Read full article: https://knowsulu.ph/unforeseen-consequences/theriums-gamble-how-big-money-still-breeds-big-losses-in-litigation-funding

About KnowSulu.ph

Know Sulu is a collective of scholars dedicated to preserving and sharing the Sulu people’s heritage and present-day realities. Through rigorous research and firsthand narratives, it documents Sulu’s historic leadership, cultural richness, and ongoing socioeconomic challenges. The platform amplifies Sulu voices, fosters informed dialogue, and invites partners to support a resilient community’s future.

 

This Press Release has also been published in VRITIMES

 

XPRESS Super App: More Than Rides. Smarter Lives

 Xpress Super App is redefining Filipino mobility — smarter, greener, and deeply local. With trusted backing from PJ Lhuillier and expansion into Palawan and Bataan, Xpress goes beyond rides to create a lifestyle ecosystem. Experience sleek EVs, empowered communities, and seamless travel. Smarter lives start here — and it’s just beginning.

Beneath Manila’s neon skyline and across Boracay’s white sands, something subtle yet profound is reshaping how Filipinos move — and live.

It’s not just another ride-hailing app. It’s Xpress Super App, and it’s proving that mobility can mean more than getting from point A to B. It can become the rhythm of modern island life — smarter, greener, and more connected.

In a crowded market where apps battle over fares and downloads, Xpress asks a bigger question: What happens when transport isn’t just a service, but a lifestyle?

Born in the Philippines and proudly operating in Metro Manila, Boracay, and soon expanding to Palawan and Bataan, Xpress already stands out for its sustainable e-trikes, hybrid and electric BYD car-taxis, and its reputation for empowering drivers with digital livelihoods. But step back, and you’ll see something deeper: a homegrown brand embedding itself in the culture of the places it serves — co-creating solutions with LGUs, working with cooperatives, and respecting each island’s rhythm.

“You don’t just drop technology onto an island,” a senior Xpress executive shares. “You build with the people who live there. That’s why we’re trusted.”

And that trust is paying off — locals and tourists alike are embracing the service not just for convenience, but because it feels like it belongs here. That trust is shared at the highest level: the confidence of the PJ Lhuillier Group of Companies in Xpress Super App signals amazing things to come — a clear endorsement of its vision to redefine mobility in the Philippines.

A Lifestyle Ecosystem in the Making

Xpress is more than just rides — it’s a platform for possibility. Already hinting at bundled ferry and hotel connections, exclusive tourism perks, smarter routing, and even greener fleets, Xpress is future-pacing itself as an everyday companion to Filipino life.

Its pop-culture crossover with rising hip-hop artist Tommie King in his hit video PALIHIM wasn’t just clever marketing. Those sleek Xpress BYD EVs gliding through Manila’s streets sent a signal: the green movement has arrived — and it’s stylish.

Have you ridden in an Xpress EV yet? You’ll want to.

The Road Ahead

In a nation of thousands of islands, Xpress is building bridges — digital and cultural — one ride at a time. Its story is more than an app’s; it’s about how smarter systems elevate experiences, economies, and equity.

Because when life moves better, everything else does too.

More than rides. Smarter lives. And we’re just getting started.

About Xpress Super App

Xpress Super App is a proudly Filipino mobility platform transforming daily life with smarter, greener, community-driven transport. Backed by PJ Lhuillier’s trust, it empowers drivers, connects islands, and delivers seamless EV and hybrid rides in Manila, Boracay, and soon Palawan and Bataan — proving mobility can inspire smarter, more connected lives.

 This Press release has also been published on VRITIMES

 

BTCMiner cloud mining is the first choice for passive income in 2025, with daily income of US$500-500,000

 BTCMiner cloud mining is the first choice for passive income in 2025, with daily income of US$500-500,000. Trump promotes Bitcoin cloud mining: looking for new opportunities to "make America great again" in the global economic downturn

July 20, 2025 - Washington: Faced with the continued downturn in the global economy and the slowdown in the growth of traditional industries, US President Donald Trump has set his sights on the cryptocurrency cloud mining industry, viewing it as a new wealth engine to "make America great again". Recently, Trump officially signed an executive order to allow $9 trillion in pension funds to invest in Bitcoin and cloud mining, aiming to allow ordinary American families to obtain new sources of income and wealth growth opportunities through the digital economy.

Bitcoin is a symbol of the free economy. I want more Americans to have their own wealth machine, Trump said publicly when signing the executive order.

BTC Miner, a world-renowned cloud mining platform, announced that it will fully upgrade its system to meet the needs of pension funds and institutional investors, and launch a number of national capital-level services, including:

Sign up and receive a $500 reward, zero technical threshold: ordinary people can participate with their mobile phones

Guaranteed principal and interest: principal protection, fixed income, daily settlement

Multi-currency payment: support BTC, ETH, USDT, XRP and other mainstream currencies

Green energy mining: using solar and wind energy to achieve both environmental protection and profitability

Instant withdrawal, instant arrival, does not affect user cash flow

Join BTC Miner now and enjoy policy benefits

Visit the official website to register→→https://btcminer.net

After registration, select the contract, you can get $500 to buy the contract, one-click order completion, 24-hour automatic settlement of income

Dozens of flexible contracts [1-30 days] meet the needs of different investors, especially 3-7 days are well received by many users

BTC Miner contract display,

Recommendation reward: invite friends and easily earn commissions

First-level recommendation: friends invest, you can get 7% reward

Second-level recommendation: friends of friends invest, you can also get 2% reward

BTC Miner platform overview

BTC Miner is a world-leading cryptocurrency cloud mining platform, dedicated to providing safe, convenient and environmentally friendly Bitcoin mining services to users around the world. No equipment or technology is required, users only need to register and select contracts to easily start daily stable passive income. The platform supports multi-currency payments and withdrawals such as USDT, BTC, ETH, XRP, etc., and funds are free and flexible.

BTC Miner-Let Bitcoin become your exclusive money printing machine!

Join BTC Miner now

Official website: https://btcminer.net

Official email: info@btcminer.net

About BTCMiner

Cryptocurrency cloud mining

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Blockchain Technology Leads the Future, BTCMine Cloud Mining Gives You $500

 

Blockchain technology leads the future, BTCMine cloud mining gives you $500

Blockchain technology is sweeping the world with an unstoppable momentum, becoming the core driving force for innovation and change in all walks of life.

As the global attention to digital currency continues to rise, the application scenarios of blockchain are no longer limited to the financial field. It has shown great potential in many fields such as supply chain management, medical health, cloud mining smart contracts, etc.

Today, we will explore in depth how to make more investors get more benefits through cloud mining

Cloud mining is a way to mine cryptocurrencies through mining machines in remote data centers, and users do not need to purchase, install or maintain mining equipment themselves. You can get a stable income by purchasing contracts through the cloud mining platform

BTCMiner platform is a long-established professional mining company. With years of industry experience and strong technical support, it is committed to providing stable, safe and efficient cloud mining services to users around the world

Whether you are a novice in the field of cryptocurrency or an experienced investor, BTCMiner provides you with flexible contracts to meet the preferences of different investors

Go to the official website to register → https://btcminer.net

After registration, the platform automatically gives you $500, which can be used to purchase free contracts, and you have a fixed income every day.

Users can choose one or more contracts at the same time, and each contract is settled independently

The income is automatically settled every 24 hours. Go to the dashboard to view the income, transaction records and withdrawals

Some contracts of BTCMiner are displayed

Why choose BTCMiner

1: BTCMiner provides fully automated mining services. Users do not need any technical background or operation. The platform will automatically manage the mine and resources to ensure that investors can easily obtain passive income

2: The BTCMiner platform provides each investor with an interest guarantee to ensure that your investment always obtains stable principal and income during the contract period

3: BTCMiner provides a transparent income system, and investors can check their mining income and account balance at any time. The platform ensures that every income is open, transparent and traceable

4: The BTCMiner platform supports multiple cryptocurrencies (such as BTC, ETH, XRP, etc.) for recharge and withdrawal, which is convenient and safe to meet the needs of global users

5: The BTCMiner platform adopts top encryption technology and multiple security measures to ensure the absolute security of user funds and data, making your investment worry-free

The BTCMiner platform will continue to lead the cloud mining industry and provide more efficient, intelligent and secure investment solutions. In the future, the platform will strengthen the application of decentralization and green energy, further improve the operational efficiency of the mine, reduce environmental impact, and promote more sustainable development.

Get $500 now and start earning high returns

Official website: https://btcminer.net

Email: info@btcminer.net

This press release has also been published on VRITIMES