The first litigation funding platform Axess Finance was launched today in Georgia. It offers unique and innovative dispute funding and debt buyout tools to its customers. Such services are steadily sustained and successfully rendered worldwide. Despite this, Axess Finance is the first of its kind in Georgia and does not have analogue. See http://www.axessfinance.ge .
Axess Finance will partner with individuals and corporate entities by funding litigation and negotiation costs (including lawyers’ fees) and leading the dispute process. Axess Finance has secured a partnership with MG Law offices a tier 1 law firm in Georgia to run the legal proceedings.
Axess Finance litigation funding services are designed to eliminate the financial inequality and inefficiencies in the dispute resolution process. “Throughout my two decades of experience as a lawyer both with leading international firms and my Georgian law firm, I have seen parties injured by their counterparties in their commercial relationships but unable to pursue their claims for redress simply because they could not bear the legal costs associated with their claim. Such parties, having no other choice, are usually induced into unfavorable settlements”, says the founder of Axess Finance, Nicola Mariani. By partnering with Axess Finance through a recovery sharing mechanism, parties can maximize their ability to recover on their claims.
Debt buyout services is another stream of services provided by Axess Finance. Axess Finance will purchase claims or debts on agreed terms. This is an efficient mechanism to resolve the deadlocks where, for example, a creditor is looking to recover its debt quickly; or parties are unable to settle on the outstanding debts.
Application for the services of Axess Finance is free. Interested persons are free to go to the website – www.axessfinance.ge – and fill out an online form either for litigation funding or debt buyout services. In 5 minutes from the first click, the team of analytics will start assessing the application and revert within 48 hours.
