Woodville

https://notebooklm.google.com/notebook/88cee4a8-3992-4cc2-a839-36fa86ad43e2/audio

Exploring Litigation Finance Opportunities

Akim introduced the topic of litigation finance and introduced Slava Yakovlev, the founder of Aurora Advisory, who is based in Barcelona but currently in Cyprus. Slava shared his experience in the stock market, having worked on both the buy and sell sides, and his current work with multifamily offices around the globe, structuring and offering private market opportunities. He has invested hundreds of millions in litigation funding, revenue-based funding, and private credit. The meeting aimed to explore the topic of litigation finance, with Slava set to present a specific product they have on the market.

Litigation Finance Industry Growth Explained

Akim discussed the growth of the litigation finance industry, its uncorrelated return potential, and its benefits as an alternative investment strategy. He highlighted the industry's rapid growth, reaching $17 billion as of 2022 and expected to reach $25.1 billion by 2030. The industry benefits from institutional investors such as private equity funds, hedge funds, and insurance companies due to its attractive risk-adjusted returns. Slava further explained the concept of litigation finance as a way for investors to finance legal cases in exchange for a share of the potential winnings. He emphasized that litigation finance offers non-market correlated returns, short duration, and high return potential. However, risks are involved, as cases may lose. To mitigate this, litigation funders carefully select and underwrite cases, predicting high probabilities of success.

Woodville Litigation Funding Company Overview

Slava from Aurora Advisory discussed the business model of Woodville, a litigation funding company. Woodville provides loans to law firms for specific cases, with a maximum loan amount of 5K for 6 to 12 months. The company has a robust cash flow, charging law firms an interest rate of 5% per month. Slava highlighted that Woodville has funded 200,000 cases with 0 default, and the loans are typically low value and short term. Akim added that Woodville's loans are usually between 1,000 to 5,000 pounds and have a short term duration of 6 to 12 months. Slava also mentioned that Aurora, as an alternative investment placement agency, has been working with Woodville for over 5 years and has raised 285 million pounds for the company. The company has repaid 110 million so far, with 11 series of bonds fully repaid on time.

Significant Case of Misled Consumers

Slava discussed a significant case involving 40 million consumers who were misled by leasing contracts over the past 15 years. This has led to a potential lawsuit against banks like Lloyds of London, which has set aside £900 million for cases of this nature. Slava emphasized the opportunity for investment in this sector, noting that with an investment of over £100,000, an insurance policy backed by a rated company and syndicate of Lloyds of London would be provided. He highlighted that Woodville's interest is always front-loaded, and every loan is secured on an ATA insurance policy. Slava also mentioned that Woodville takes charge of the borrowing law firm with personal guarantees, and the insurance policy covers the risk of default of the law firm. He expressed his opinion that the credit risk of the law firm is covered with this insurance policy.

Woodville's Financials and Investor Relations

Akim and Slava discussed the financial aspects of their company, Woodville. Slava explained that the company pays a premium for the lack of liquidity, which is reflected in the 11-12% interest rate. He also mentioned that the company has outsourced investor relations and fundraising, allowing the founders to focus on building the network of trusted law firms and managing the portfolio of loans. Slava addressed a common question about why law firms don't apply for credit in banks, explaining that banks don't understand the underlying asset and that many of the claims are against banks. He also mentioned that Woodville had received an offer from HSBC, but found it too expensive. Finally, Slava discussed two ways to invest in the company, depending on the investor's risk appetite and investment habits.

Low Notes in Investment Discussion

Slava discussed the flexibility and advantages of low notes in investment, particularly in terms of currencies and interest rates. He highlighted a unique situation where Woodville extended its trades until March. Slava clarified that Woodville makes money by issuing secured loan notes to law firms and charging a fee, and that Aurora makes money through placement fees. Jin raised concerns about the morality of lawsuit-driven business models and the potential for counter-suits, to which Slava explained the protection offered by insurance for investments over 100,000 Euros.

Litigation Funding and ATE Insurance

Slava explains the importance of litigation funding in providing access to justice for claimants who cannot afford to start lawsuits. He discusses how law firms sometimes need working capital to cover expenses upfront, even when operating on a contingency fee basis. Slava also describes the role of after-the-event (ATE) insurance in covering defendants' costs if a case is lost, and mentions that Woodville covers the insurance premium for investors to provide extra security.

Discussing Loan Notes and Bonds Process

Joyce, the Vc. PE and credit professional, requested a visual aid to better understand the money flow through the loan notes and bonds. Slava agreed to share a comprehensive presentation, including the latest due diligence documentation, and offered to answer all questions related to the process. Akim proposed creating a group for those interested in the product. Slava expressed openness to a long-term relationship and wished everyone a good weekend.

00:07:27.000 --> 00:07:32.000 Akim: People are joining. Hi! Everyone! Good to see.

00:07:32.000 --> 00:07:39.000 Akim: All of you. We have a good attendance today. 27 people already.

00:07:39.000 --> 00:08:27.000 Akim: Let's rock and roll. Mhm, Mhm.

00:08:33.000 --> 00:08:42.000 Akim: Perfect. So, yeah, I mean slowly, if we.

00:08:42.000 --> 00:08:45.000 Akim: Ready to start. Then we can start. Yeah. So.

00:08:44.000 --> 00:08:50.000 Slava Iakovlev: Yeah, sure, I'm ready. Hi, everyone guys, thank you for your interest and time. Pleasure to meet you.

00:08:50.000 --> 00:09:01.000 Akim: Perfect. I gonna I'm gonna introduce law, and we're gonna share the deck. Let me. Let me let me push it!

00:09:00.000 --> 00:09:04.000 Slava Iakovlev: We, we have 1 h. Right? So this maximum.

00:09:05.000 --> 00:09:09.000 Akim: We? You try to make it in 1 h? Yeah, and save more than.

00:09:05.000 --> 00:09:15.000 Slava Iakovlev: Okay, got it? Because I'm I'm in Cyprus and Cyprus. Have any meeting in 1 h. So 1st of all is, if everyone is in Cyprus.

00:09:15.000 --> 00:09:20.000 Slava Iakovlev: Pleasure to meet me on a evening program. So I'm available.

00:09:19.000 --> 00:09:29.000 Akim: Even in programs. Gotcha perfect uh cool, sharing my sharing the.

00:09:30.000 --> 00:09:35.000 Akim: Here in the slides. So 1st of all. Good afternoon, morning, evening.

00:09:35.000 --> 00:09:52.000 Akim: Wherever you are. Thanks for joining. Uh! It's great interest to the topic. Love to see everyone so involved. On Friday. 8th of March tomorrow. Hope you.

00:09:52.000 --> 00:09:59.000 Akim: Put, some presence. Gifts to your beautiful ones. Don't forget to do that.

00:10:00.000 --> 00:10:11.000 Akim: Or invest in litigation finance for their best future benefit. Um jokes aside, we are here to explore this topic from 0 to hero.

00:10:12.000 --> 00:10:20.000 Akim: Um. My name is Akeem, you know all me um team. He's my partner. Um!

00:10:20.000 --> 00:10:26.000 Akim: Co-founder of Fff Club is here as well. And we are excited to walk you through.

00:10:26.000 --> 00:10:35.000 Akim: The litigation, finance, topic. So we prepared the short presentation for you. 1st part is about.

00:10:35.000 --> 00:10:52.000 Akim: What is all about? Second? Um. Part is about specific product. We have on the market right now, and we are mostly interested because Slava is the one who is.

00:10:52.000 --> 00:11:02.000 Akim: Ah! Professional in this topic, and. Offering us the opportunity to look into this investment opportunity as well.

00:11:03.000 --> 00:11:11.000 Akim: And um. I believe we I'm starting to share the screen and gonna introduce uh.

00:11:11.000 --> 00:11:18.000 Akim: Slava. So we are. So we are all aligned with the.

00:11:21.000 --> 00:11:25.000 Akim: Can you see that. All good.

00:11:24.000 --> 00:11:26.000 Tim Vaino: Yep, 14.

00:11:26.000 --> 00:11:37.000 Akim: Oh, amazing good stuff! So, 1st of all, I would like to welcome Slava, Slava Yakovlev, the founder of Aurora Advisory.

00:11:37.000 --> 00:11:39.000 Slava Iakovlev: Bye, guys.

00:11:37.000 --> 00:11:42.000 Akim: Based in Cyprus, but it feels like I seen Slava in many different.

00:11:41.000 --> 00:11:48.000 Slava Iakovlev: I'm based in Barcelona. I'm based in Barcelona guys, Barcelona, London. But currently I'm in Cyprus on a business trip.

00:11:42.000 --> 00:11:44.000 Akim: Hey? Sorry. Yeah.

00:11:48.000 --> 00:11:55.000 Slava Iakovlev: So just temporarily. Yeah, but I'm live in Barcelona, travel a lot to London. Goodbye. Yeah.

00:11:55.000 --> 00:12:07.000 Akim: So the Slava is the guy I met quite recently. And his speech was, Hey, I actually want to create the most.

00:12:07.000 --> 00:12:27.000 Akim: The most easy access to the private markets for the family offices. And I was like, Wow, this is something what we are work on and from different angles. And Slava started to share what he's working on and what are the products? And it stuck to me because I never heard what is the litigation funding is.

00:12:27.000 --> 00:12:46.000 Akim: Like, I was feeling that. Okay, we learned with the team. And you guys about private credit, about startups investing about secondary markets, about real estate stuff revenue based fine financing, but never we touched the litigation funding, and I got. Super excited about this topic.

00:12:47.000 --> 00:12:57.000 Akim: I learned a couple of things about this, and I realized that well. Actually, we have to invite lava and to speak about it.

00:12:57.000 --> 00:13:23.000 Akim: Slava's experience is all around the stock market. He started in stock market 19 years ago, and he was on this buy side and the sell side, and right now he's working with the. Lots of multifamily offices around the globe, and and basically structuring, offering and looking for the private market opportunities in for them.

00:13:23.000 --> 00:13:50.000 Akim: So through Slava there are. Hundreds, millions invested in the litigation funding revenue, based funding and private credit. And um, his background is really really great. And I really enjoyed booking this lava like one and a half hours, and then we are sitting like 5 h in a row, and that's really great. High IQ caliber.

00:13:50.000 --> 00:13:56.000 Akim: Guy. So it's about. Thanks a lot for joining. Thanks a lot for offering your time.

00:13:54.000 --> 00:13:56.000 Slava Iakovlev: Thank you for inviting guys. It's a pleasure to be here today.

00:13:57.000 --> 00:14:05.000 Akim: Um. So we jump to the topic. So right now. We see that.

00:14:05.000 --> 00:14:30.000 Akim: As investors, we actually look for really good risk, return. How to say, risk, return compensation. But in today's market risk premiums have compressed to multi year lows. So a prime example is the yield spread between us. Corporate triple B and a rated bonds.

00:14:30.000 --> 00:15:00.000 Akim: So historically, we see that investors are earning less for taking on additional credit risks. And the last time spreads were, this tight was before the global financial crisis. And it's hard to choose from the. Assets right now, and the risks are high. So, in other words, conventional risk assets are offering diminishing rewards. So.

00:15:00.000 --> 00:15:15.000 Akim: And this environment makes it essential to explore alternative investment strategies that provide better risk adjusted returns. So. Everyone is looking for something else, and litigation funding.

00:15:15.000 --> 00:15:34.000 Akim: Is, the is something interested us because. So 1st of all, so what is the litigation funding in really simple words? It's a way for investors to finance legal cases.

00:15:34.000 --> 00:15:43.000 Akim: In exchange for a share of the potential winnings. So let's imagine the situation. It could be.

00:15:43.000 --> 00:16:07.000 Akim: Uh, both for individuals or for businesses. So 1st of all, like you are the individual you are driving the car. Something goes wrong. Someone breaks your car. You go to the you go to the court, and you want to get money out of the out of the guy.

00:16:07.000 --> 00:16:26.000 Akim: From another car, and you just simply don't have money, or you don't want to push your own money because you are unsure. If this case gonna work out or not, and then lawyers. Can propose the the.

00:16:27.000 --> 00:16:35.000 Akim: And the the financing of this particular. Case so, and.

00:16:35.000 --> 00:16:42.000 Akim: It's a really interesting economy here. So for investors. Litigation, funding.

00:16:42.000 --> 00:16:53.000 Akim: Provides a source of premium and uncorrelated returns. And what actually uncrelated returns means so unlike stocks or real estate.

00:16:53.000 --> 00:17:06.000 Akim: Where values fluctuate based on economic conditions. The outcome of the legal case is primarily determined by legal merits rather than the market movements so, and all those.

00:17:06.000 --> 00:17:23.000 Akim: Lawyers who are using the litigation finance. They have their own underwriting principles, meaning that. In 99% of the time they offer it. When they know that they're gonna win. This particular case.

00:17:23.000 --> 00:17:42.000 Akim: So, and this makes it very attractive. Hedge against broader financial instruments. For climates for this car, Guy. Of course, some of the people lack of the capital to fight in the court.

00:17:42.000 --> 00:18:00.000 Akim: So litigation funding gives them access to the justice system that they would otherwise be unable to afford. So, instead of settling for the less due to financial constraints, they can push their cases to the fullest. So, and for the law firms.

00:18:00.000 --> 00:18:17.000 Akim: Litigation, finding offers, legal firms, the ability to take on more cases without burdening their own working capital. So basically they can process more cases per time. And that's the instrument.

00:18:18.000 --> 00:18:25.000 Akim: Stava. Do you want to add something on top of that explanation of the. Of the litigation, finance.

00:18:25.000 --> 00:18:34.000 Slava Iakovlev: Um, basically, guys, I think because you have um, it background is, I know you're aware, with revenue share model. So as simple as that.

00:18:34.000 --> 00:18:40.000 Slava Iakovlev: So it helps claimant here to get an access. Uh sometimes if we um.

00:18:40.000 --> 00:18:54.000 Slava Iakovlev: Discuss, for example, the big cases. The claimant gains a big corporation sometimes, as a matter of the capital, because the claimant is underfunded, and to indicate the claimant needs.

00:18:54.000 --> 00:19:06.000 Slava Iakovlev: Capital for the long term litigation. For the founder. Yeah, it's quite obvious and law firm. It's basically Gp, Morgan started this business like 10 years ago.

00:19:06.000 --> 00:19:15.000 Slava Iakovlev: Started from commercial cases, which are these cases are long term. Require a lot of a lot of capital.

00:19:15.000 --> 00:19:28.000 Slava Iakovlev: So. And for this 10 years, basically, this industry and asset class has emerged significantly. And yeah, it's basically revenue share. And this model couldn't only exist in the.

00:19:28.000 --> 00:19:36.000 Slava Iakovlev: Legal system very developed, one. Like us. Canada, Uk, Australia, New Zealand.

00:19:36.000 --> 00:19:45.000 Slava Iakovlev: With only in a systems with a precedent law. Because they collect a lot of data. And when you collect a lot of data, you do understand that you.

00:19:45.000 --> 00:19:57.000 Slava Iakovlev: Might forecast the outcome of the case. Because you have a lot of the data, a lot of the precedence so based on the precedence. You can predict the outcome. Um. Yeah, just just to jump in.

00:19:56.000 --> 00:20:10.000 Akim: Yeah. And some of the people can. One uh can can be wondering that what happens if a case low loses. So this is exactly where the mitigation strategies come into play.

00:20:10.000 --> 00:20:38.000 Akim: And, in short, the litigation funders carefully, really, carefully select and underwrite cases with the really high probabilities of success. So, and Slava will share the one precise case how the guys who Slava work together underwrite their cases. And it's gonna be a little bit down the line and.

00:20:39.000 --> 00:20:58.000 Akim: Um. If we go a little bit further, we just want to understand how big is the is the whole industry. Um, and um. It's rapidly growing. It's a niche, of course, but it's a multibillion dollar. Global industry.

00:20:58.000 --> 00:21:09.000 Akim: And if we look into Uk alone, the litigation finance market expanded fourfold since. 2,014 so and.

00:21:09.000 --> 00:21:13.000 Akim: 2.7 billion. Currently in.

00:21:14.000 --> 00:21:27.000 Akim: In play. So litigation, finance, globally investments are expected to reach 25. Point 1 billion by 2030, and already invested as of.

00:21:27.000 --> 00:21:38.000 Akim: 2022, 17 billion, so. This growth is driven by institutional investors, such as private equity funds, hedge funds.

00:21:38.000 --> 00:21:45.000 Akim: And insurance companies who recognize. The attractive risk, reward, profile of this particular asset class.

00:21:45.000 --> 00:21:57.000 Akim: So, and as Perislavas. Experience. Uk. Is the market to go, so we will speak.

00:21:57.000 --> 00:22:08.000 Akim: Uh with this about this a little bit later. So and um. As investors. All of us want to understand, like, what are the return potential here.

00:22:09.000 --> 00:22:17.000 Akim: And uh um. So kind of.

00:22:18.000 --> 00:22:33.000 Akim: It's how to say so. One of the biggest draws of the litigation funding. It's return potential, of course. So um and um. I believe um.

00:22:33.000 --> 00:22:39.000 Akim: Once. I've been recently looking into the returns. And uh.

00:22:39.000 --> 00:22:46.000 Akim: I kinda. Split. It splitted my logic and mental models around.

00:22:46.000 --> 00:22:55.000 Akim: Around litigation funding in the free baskets. Let's put it that way. So 1st basket is revert.

00:22:55.000 --> 00:23:04.000 Akim: So based on my research when a funded case wins. The investor typically earns a multiple of their original investment.

00:23:04.000 --> 00:23:13.000 Akim: So returns can range from like 2 weeks to 3 weeks. The invested capital. Depending on the case type and agreement structure. Of course.

00:23:13.000 --> 00:23:18.000 Akim: So um. Try to imagine, like.

00:23:18.000 --> 00:23:23.000 Akim: You are the you are the. Um.

00:23:23.000 --> 00:23:33.000 Akim: You are the funder. And you really like your return is on 2 weeks to 3 weeks, the invested capital. So, and of course.

00:23:33.000 --> 00:23:40.000 Akim: The better, is underwriting principles. The better I returns. The second basket is the short duration.

00:23:40.000 --> 00:23:50.000 Akim: So for me, like looking into my portfolio. Some of the portfolio right now is optimized for the cash flow.

00:23:50.000 --> 00:23:57.000 Akim: So, and um. And unlike private equity. For example, where capital is tied up for like 5 to 10 years.

00:23:57.000 --> 00:24:08.000 Akim: Litigation. Finance cases often reach resolution within like 12 to 36 months. And it it just provides. You pass through liquidity.

00:24:08.000 --> 00:24:17.000 Akim: Um, and and the 3rd basket is non-market correlation. Um so.

00:24:17.000 --> 00:24:22.000 Akim: Um! It! Prove me if I'm wrong. But.

00:24:22.000 --> 00:24:36.000 Akim: As I understood and based on my research. Like traditional investments, are impacted by inflation. Interest rates, economic downturns trump saying something and you name it.

00:24:36.000 --> 00:24:51.000 Akim: But the court's legal decision is based on the facts. Basically evidence and precedence. So exactly, the Slava talk told right now that it's only possible in Uk, Us. New Zealand, Australia, precedent law.

00:24:52.000 --> 00:24:58.000 Akim: And and those decisions. Are not based on the market conditions.

00:24:55.000 --> 00:24:57.000 Slava Iakovlev: Mhm.

00:24:58.000 --> 00:25:09.000 Akim: Like, if you if the if the lawyer decided to only concentrate on the car. Cases, and there is like, and he or she takes only.

00:25:09.000 --> 00:25:19.000 Akim: High probability, cases. Of winning. Basically, it's only about the facts and evidence.

00:25:19.000 --> 00:25:32.000 Akim: So no market conditions. So that means investors in litigation. Finance can achieve like strong returns, even when the stock markets are failing. So, and.

00:25:32.000 --> 00:25:43.000 Akim: I really like uh. Um the concept, and it's uh really like when Slava shared me in this like 5 h chat like.

00:25:43.000 --> 00:25:48.000 Akim: All the concept. I thought. It just. It's just too good to be true.

00:25:49.000 --> 00:25:59.000 Akim: Like, what's the what, what's going on? What's what's wrong with this uh. Model. And maybe this is exactly the questions love. I want to ask you right now.

00:25:59.000 --> 00:26:13.000 Akim: Um like what? What's what's wrong like if it's not non market car, related. If everything is in the hands of underwriters, so better you underwrite.

00:26:13.000 --> 00:26:30.000 Akim: Better the returns. So non correlation. And and basically, maturity is like 12 to 36 months quarterly payouts, 10% returns annually, like, what's what's wrong here.

00:26:30.000 --> 00:26:39.000 Slava Iakovlev: And a good good question. So is you. You mind if I jump in? And could you possibly show the next slide.

00:26:39.000 --> 00:26:54.000 Slava Iakovlev: So basically, there is nothing wrong about that. The problem is that this relatively new asset class. And normally, the 1st question, basically, I hear from the prospect clients is 11% to 12% per annum. This might be a scam. It can be.

00:26:54.000 --> 00:27:05.000 Slava Iakovlev: But after my presentation they always ask me like. Why is it only 11 and 12 Slava? So so basically, let's go back to the.

00:27:05.000 --> 00:27:10.000 Slava Iakovlev: The title of the Presentation. It's called. Litigation funding in.

00:27:11.000 --> 00:27:22.000 Slava Iakovlev: As an alternative to private equity market, because I deal a lot with the family offices, high net worth individuals, and what I see from them. That they have a lot of concerns regarding the current public market.

00:27:22.000 --> 00:27:28.000 Slava Iakovlev: Risk, premium, award. As we as we, as you, as you have might seen.

00:27:29.000 --> 00:27:52.000 Slava Iakovlev: As you might have seen, the yield premium, and the corporate bonds in the Us. Is very, very low. So from my investors, what I hear is that there is a lack of liquidity in private equity markets. This venture, capital, winter. As you, as you know, and so they are looking into some things that can provide constant um.

00:27:52.000 --> 00:27:59.000 Slava Iakovlev: Good fixed income, flow. And they have concerns regarding the procyclic.

00:28:00.000 --> 00:28:07.000 Slava Iakovlev: Origin of the private equity field. Because as soon as the public markets.

00:28:07.000 --> 00:28:14.000 Slava Iakovlev: Go up, and as soon as the economy goes up. So yeah, the private equity basically outperforms.

00:28:14.000 --> 00:28:32.000 Slava Iakovlev: But the current situation is very, I would say, not stable a lot of uncertainty, so they turn their attention to alternative asset classes like private credit like litigation funding, basically revenue based funding. Where we have a lot of interest and expertise.

00:28:32.000 --> 00:28:49.000 Slava Iakovlev: But litigation funding is something that not many even professional hedge fund managers are aware of it. So is our, I would say, advantage. The disadvantage. We need to explain how it works to overcome this objection like, there's something wrong with that. As Akem has just said.

00:28:49.000 --> 00:29:01.000 Slava Iakovlev: So, but but the trick is always in um, and the devil is always in the details. So um, I believe that we are success in fundraising and placement all these products because we basically.

00:29:01.000 --> 00:29:23.000 Slava Iakovlev: Have a direct contact with our investors, and we always design and develop some products based on their requirements so as simple as that. So we received 4 years ago the requirement for our from our family offices in the high net worth individuals, clients. So they're looking into something not correlated. Short term, 2 to 3 years.

00:29:24.000 --> 00:29:42.000 Slava Iakovlev: At least 2 years into repayment, and and of course they wanted to something. Was hedged with some of those guarantees. So we looked into the markets. We found this amazing niche. We analyzed this niche we found we're trying to found the model and a sector.

00:29:42.000 --> 00:29:48.000 Slava Iakovlev: Which is um. Which is safe and reliable for the private investor.

00:29:48.000 --> 00:30:06.000 Slava Iakovlev: Because hedge funds, as you can see here, they're okay with investing. I don't know 5 mil 0 point 0 1% of their capital in one case particular and win. I don't know 150% per annum. So we tried to find the business model in a sector which is reliable.

00:30:06.000 --> 00:30:18.000 Slava Iakovlev: Risk adjusted for the private investor and for single family offices, for that kind of investors with that profile. So this slide basically showcases, why, we decided to work with Woodville.

00:30:18.000 --> 00:30:27.000 Slava Iakovlev: Because the company, the business of the company. It's very simple, straightforward, and long story short, is just.

00:30:27.000 --> 00:30:37.000 Slava Iakovlev: A lot a lot a lot less risks than and dedicated litigation, finance funds and institutional investors. Why. Because of the origin of the.

00:30:38.000 --> 00:30:47.000 Slava Iakovlev: Underlying asset, underlying asset. Is the thousands of a very simple, straightforward claims or cases.

00:30:47.000 --> 00:30:56.000 Slava Iakovlev: Where responsibility has already been established. So it means 99% of the cases are settled before the trial.

00:30:56.000 --> 00:31:10.000 Slava Iakovlev: Duration is short term from 6 to 12 months, and vaudeville doesn't provide. Loans more than 5 k to for the one case. So business model of the of the Woodville is basically b 2 b loans.

00:31:10.000 --> 00:31:31.000 Slava Iakovlev: But special loans for the for the law, firms for the particular cases, so. This provides extra diversification because Woodville can provide loans for the panel of the law, firms for the different types of the cases, and just less risky.

00:31:31.000 --> 00:31:55.000 Slava Iakovlev: All the all this, basically. All the small loans are backed by the insurance, so Woodville doesn't provide any loans to the law firms until law firms puts on the table. The insurance. So insurance policy basically covers the risks of the default of the case and of the lose of the case in the case. In the case.

00:31:55.000 --> 00:32:10.000 Slava Iakovlev: Claim was lost. So um law firm. And Woodville basically receives all the recovery from the insurance company in insurance company is um. They're willing to provide these insurance policies because they have.

00:32:10.000 --> 00:32:28.000 Slava Iakovlev: Access to historical data of all these outcomes of these particular cases. So Google has a very robust cash flow because um, they charge borrowing law firms on a simple basis interest rate at around 5% per month.

00:32:29.000 --> 00:32:42.000 Slava Iakovlev: And it's a fixed term loans. As I said, so it's the maximum loan amount is 5 K. Pounds for 6 to 12 months, depending on the case. And the track record is uh, I would say um.

00:32:42.000 --> 00:32:54.000 Slava Iakovlev: Stunning. So um. Currently the company has funded 200,000 210,000 cases with 0 default.

00:32:54.000 --> 00:32:56.000 Slava Iakovlev: Next slide, please. I can.

00:32:57.000 --> 00:33:14.000 Akim: Yeah, I just want to summarize here that the Slava represents an Aurora advisory. Aurora advisory. Helping Woodville litigation funding to raise the funds which they are reinvesting to the cases. This guy.

00:33:04.000 --> 00:33:06.000 Slava Iakovlev: Is up.

00:33:14.000 --> 00:33:25.000 Akim: Did 200,000 cases with 0, default. Their loans. Usually are low value, which is 1,000 to 5,000.

00:33:25.000 --> 00:33:46.000 Akim: Depending on the claim type, and with the short term duration, which is 6 to 12 months, which gives them ability to actually reuse the capital more often and get more and more claims in work, and the cost of capital is 5% per month, which is. Which is great.

00:33:46.000 --> 00:33:48.000 Akim: Great.

00:33:46.000 --> 00:33:49.000 Slava Iakovlev: For the law firms exactly.

00:33:48.000 --> 00:33:50.000 Akim: For the law. Firms.

00:33:49.000 --> 00:33:58.000 Slava Iakovlev: Um aurora. Yeah, just uh, just to jump in. Aurora is um. Alternative investment placement agency. So we basically develop.

00:33:58.000 --> 00:34:09.000 Slava Iakovlev: And then place alternative investment. In this case we've been working with Woodville for like more than 5 years. And our policy, our principles, I mean in Aurora.

00:34:09.000 --> 00:34:25.000 Slava Iakovlev: We pick up only the sectors and the issues which are acyclic. So basically, they benefit from uncertainty. All the crisis which are currently unfolding. The more crisis is unfolding, the more claims, the more litigation is in the system, so as simple as that.

00:34:25.000 --> 00:34:38.000 Slava Iakovlev: So we work only with the sectors, with a shortage of the capital. Why? Because it provides higher. Yields for the investors. Obviously, where there is a shortage of the capital, there is always the higher.

00:34:38.000 --> 00:34:45.000 Slava Iakovlev: Risk premiums, higher yields. And of course, we work only with non correlated asset class. Yeah.

00:34:46.000 --> 00:34:58.000 Slava Iakovlev: Next slide. No, this is um. This is our track track record. So um as of February. It's a mistake. Sorry, guys. Uh 2,02025.th

00:34:58.000 --> 00:35:11.000 Slava Iakovlev: So we raised 285 million pounds for the company. The company repaid 110 million. So far. There are 11 series of the bonds is basically Otc bonds.

00:35:12.000 --> 00:35:18.000 Slava Iakovlev: Have been repaid fully on time. And currently 8 series are.

00:35:18.000 --> 00:35:32.000 Slava Iakovlev: On the Stock Exchange. So it's Euro pound Usd. Israeli shekels and the Swiss francs, and we we even have Sharia notes for our Middle East investors. Um.

00:35:32.000 --> 00:35:42.000 Slava Iakovlev: Next slide. Um, this is um graph, basically showcases them. The growth of the loan book, portfolio.

00:35:42.000 --> 00:35:55.000 Slava Iakovlev: So I would say that 90% of our investors they reinvest upon the redemption. Because, let's say, one of my investors, a single family office from London. They invested.

00:35:56.000 --> 00:36:10.000 Slava Iakovlev: Um few meals. 2 years ago, where the loan book was around 40. And then when they get their money back. So it's now around 185. So it's a very stunning growth, and they obviously reinvest.

00:36:11.000 --> 00:36:13.000 Slava Iakovlev: Um.

00:36:11.000 --> 00:36:21.000 Akim: Yeah, right to say that. So the guys invested. Uh they get the quarterly payments and.

00:36:21.000 --> 00:36:25.000 Akim: Average yearly returns is 10 plus percent.

00:36:25.000 --> 00:36:38.000 Slava Iakovlev: Exactly. And and again, it's non correlated. And currently is a very good market context for the Company, because there is a huge crisis now is unfolding with Pcp. Claims to someone who.

00:36:38.000 --> 00:36:43.000 Slava Iakovlev: Is aware, with this type of cases you might be aware, I can provide you with additional.

00:36:41.000 --> 00:36:43.000 Akim: What's that? What's that?

00:36:43.000 --> 00:36:55.000 Slava Iakovlev: Pcp. Claims. So it's a leasing contract. So Fca. Stated that for the recent 15 years. Um like 40 mil of consumers.

00:36:55.000 --> 00:37:11.000 Slava Iakovlev: Who bought the cars using the leasing program. They were misled. So now 40 million people have a right. They are eligible to sue the banks like Lloyds or Merchant Banks, so Lloyds of London Bank.

00:37:11.000 --> 00:37:16.000 Slava Iakovlev: So far they have put aside. 900 million.

00:37:16.000 --> 00:37:21.000 Slava Iakovlev: Pounds for this type of cases to repay the the claimants. It's just like.

00:37:20.000 --> 00:37:23.000 Akim: But have they been misled? What what's the story.

00:37:21.000 --> 00:37:32.000 Slava Iakovlev: Off top uh, because um banks they didn't disclose the. And then they all commissions for this leasing.

00:37:32.000 --> 00:37:38.000 Slava Iakovlev: So in the in the loan contract, and it was. It was a misled. So now.

00:37:36.000 --> 00:37:45.000 Akim: So we expect that all those like some. Percentage of those people gonna go to the to the lowers. They.

00:37:45.000 --> 00:37:55.000 Akim: Don't want to spend their own money for that case, because it's it could be opportunistic or not. So they they. You believe that they will.

00:37:56.000 --> 00:38:03.000 Akim: Use this financing option, and and companies earn even more. Or what's the.

00:38:01.000 --> 00:38:14.000 Slava Iakovlev: Uh, exactly, because there is a low hanging fruit for the company, just because it's uh brings less risk. And it's very straightforward, because the crisis is so huge.

00:38:14.000 --> 00:38:21.000 Slava Iakovlev: That the legal system they direct all these cases in a particular administration.

00:38:21.000 --> 00:38:23.000 Akim: Mhm.

00:38:21.000 --> 00:38:45.000 Slava Iakovlev: Which is called force. Financial Ombudsman system. Just so, you know, because they were afraid of the risks of overwhelming of the legal system because of 40 million cases so, and and they established the fast track for this type of cases. So as soon as your case fits the following requirements, please go to the force, and you will get your repayment faster.

00:38:33.000 --> 00:38:35.000 Akim: Mhm.

00:38:45.000 --> 00:39:14.000 Slava Iakovlev: And the banks. As I said, only Lloyds of London has put aside. 900 million for repayment for these cases, and as soon as the litigation system is Gdp driven sector for the for the Uk. And there are a lot of hearings in the Parliament regarding this problem. It's just one of the type of the cases, right? So there are plenty of these cases and investor basically buys the competence of the founders.

00:39:07.000 --> 00:39:09.000 Akim: Mhm.

00:39:14.000 --> 00:39:20.000 Slava Iakovlev: To run and um. To run the portfolio of the loans.

00:39:20.000 --> 00:39:31.000 Slava Iakovlev: Provided for particular type of cases. And it's very important, you know, to control and to rebalance portfolio.

00:39:25.000 --> 00:39:27.000 Akim: Mhm.

00:39:31.000 --> 00:39:43.000 Slava Iakovlev: Depending on the precedence depending on the economy situation depending on the legal system. So basically investor buys this competence. This is a story track record of the repayment.

00:39:43.000 --> 00:40:04.000 Slava Iakovlev: And I'll basically. Disclose you the unique investment opportunity which currently we do have for you. Of course, it's very important to discuss the guarantees, because obviously private markets. They are in their region. They are not so transparent as public markets.

00:40:04.000 --> 00:40:12.000 Slava Iakovlev: And there is less liquidity. So we always emphasize. We always put a lot of attention to provide. Quite transparent guarantees and.

00:40:12.000 --> 00:40:18.000 Slava Iakovlev: Provide for the investors. So. I would start from the from the last one, so.

00:40:19.000 --> 00:40:29.000 Slava Iakovlev: Ah! If you invest more than 100 k. You get the insurance provided from a rated company backed by the Syndicate, Floyds of London.

00:40:29.000 --> 00:40:45.000 Slava Iakovlev: So this insurance covers not all the credit risks. Yeah, because this insurance covers the main structural systematic risks of the business of the company. So as soon as um.

00:40:45.000 --> 00:40:47.000 Slava Iakovlev: Let's let's imagine, as soon as.

00:40:46.000 --> 00:40:49.000 Akim: Okay, I put 50 K, what's going on.

00:40:49.000 --> 00:41:00.000 Slava Iakovlev: Uh you you put 50 k, so all all this um. All this, all this security measures that above are applicable.

00:41:00.000 --> 00:41:16.000 Slava Iakovlev: So as soon as you put 100 k plus, so you get this. Extra guarantee on top is a cherry on the top. So if you invest less than 100 k. All these security measures are above they are applicable. 1st of all is, Woodville's interest is always front loaded.

00:41:16.000 --> 00:41:35.000 Slava Iakovlev: So targeting smaller cases value cases carries much less risk. Um every each, every Goodville's loan is secured, secured on the Ata insurance policy. So it's just Woodville just doesn't provide any loans. If law firms brings on the table the insurance policy.

00:41:35.000 --> 00:41:47.000 Slava Iakovlev: And and the statistic is fascinating. Right? So it's 210. 210,000 cases have been funded so far with 0 default.

00:41:47.000 --> 00:42:07.000 Slava Iakovlev: So it's a cash cow for the insurance company. And obviously this insurance company was very happy to provide an extra level of security for the end investors. So if you invest more than 10 k. Sorry 100 k. You get the insurance policy where beneficiary is investor. So not company investor.

00:42:08.000 --> 00:42:20.000 Slava Iakovlev: Assignment rights over each case is held by the Woodville. It's the same like with mortgage. So as soon as Woodville is not satisfied how law firm operates, conducts litigation, so just.

00:42:20.000 --> 00:42:30.000 Slava Iakovlev: They just changed the law firm, because all the assignments right for this case, owned by the Woodville. Defendant is always insured, so it's always um.

00:42:30.000 --> 00:42:42.000 Slava Iakovlev: Well capitalized financial company, like insurance company, or, as I previously said, is the huge banks like Lloyds of London. Wood will take charge of the borrowing law firm.

00:42:42.000 --> 00:42:56.000 Slava Iakovlev: With personal guarantees where it's possible. I mean personal guarantees from the partners of the law firm. And on the cherry on the top. As I said, this is um insurance policy, where beneficiary is.

00:42:56.000 --> 00:43:29.000 Slava Iakovlev: Investor. So this I will send if you want the quite detailed description of the risks it covers. But the principal risk which is covered is a risk of default of the of the law firm. That's it. So from where I stand, I think with this policy, it's my personal opinion. So 80% of credit, Chris discovered, because the company has showcased the track records that is able to manage the liquidity, able to generate a positive cash flow, able to to run liquidity to repay the capital so.

00:43:29.000 --> 00:43:39.000 Slava Iakovlev: As soon as the business of the Company's b 2 b loans to the law firms. With this insurance policy. The risk. The credit risk of the law firm is covered.

00:43:39.000 --> 00:43:56.000 Slava Iakovlev: So, and this insurance covers obviously the body of investment. So in the case that the law firm goes bust. So this is in this case the insurance company will repay the body of investment directly to the investor, not to the company.

00:43:44.000 --> 00:43:58.000 Akim: Mhm. Mhm.

00:43:57.000 --> 00:43:59.000 Slava Iakovlev: Next slide, please.

00:43:58.000 --> 00:44:19.000 Akim: Look, I once I've been doing the my due diligence of Woodville like on checking all these numbers, and I also met with Slavas investors like free family offices, and they've been like. Man, like just try.

00:44:19.000 --> 00:44:26.000 Akim: Um, and uh. And all those people been like we reinvest back.

00:44:26.000 --> 00:44:39.000 Akim: All our profits because we want to like it's stable it. It generates the returns, and you always. Uh.

00:44:39.000 --> 00:44:52.000 Akim: They? They actually like that. Slava is always on the call, and it's possible to reach anytime any date and ask any questions here. Ah, and.

00:44:53.000 --> 00:45:03.000 Akim: I I want to came back to the question like, why, only 1011, 12%. If everything is so nice.

00:45:04.000 --> 00:45:11.000 Slava Iakovlev: Uh, just because um. So 1st of all, the company should pay um.

00:45:12.000 --> 00:45:19.000 Slava Iakovlev: The premium for the lack of the liquidity. So they pay 11. It's a relatively not big company.

00:45:19.000 --> 00:45:21.000 Slava Iakovlev: And so the most.

00:45:19.000 --> 00:45:21.000 Akim: Mhm.

00:45:23.000 --> 00:45:34.000 Slava Iakovlev: So the company. The cost of the company of raising capital is, of course, this interest payment right. So, and is the fundraising um.

00:45:30.000 --> 00:45:32.000 Akim: Mhm.

00:45:34.000 --> 00:45:47.000 Slava Iakovlev: Fees because they outsourced all investment as investor investor relations and fundraising and placement. I I think it was quite wise, because, uh, 2 founders of the company. One of them is.

00:45:36.000 --> 00:45:42.000 Akim: Hmm. Mhm.

00:45:43.000 --> 00:45:45.000 Akim: Mhm.

00:45:47.000 --> 00:45:55.000 Slava Iakovlev: Ex practicing lawyer and another one ex financial guy. So they're focused on basically 2 main.

00:45:55.000 --> 00:46:01.000 Slava Iakovlev: Key, I would say, activities of the business is building the network of the trusted and reliable law firms.

00:45:59.000 --> 00:46:01.000 Akim: Mhm.

00:46:01.000 --> 00:46:10.000 Slava Iakovlev: Number one, and the second one is managing on a daily basis the the portfolio of the of the loans, and the cases that have been fund.

00:46:01.000 --> 00:46:12.000 Akim: Mhm. Mhm.

00:46:10.000 --> 00:46:19.000 Slava Iakovlev: I would maybe answer to the most popular question. I always have. And the concern and objective, I would say.

00:46:19.000 --> 00:46:30.000 Slava Iakovlev: Why why does Google. Don't apply to the credit in a in a bank, or and why don't law firms apply for the credit in the bank as well.

00:46:26.000 --> 00:46:32.000 Akim: Mhm. Yeah.

00:46:31.000 --> 00:46:40.000 Slava Iakovlev: So? Answering this question, law firms. It's not impossible impossible for them to get the money from the bank, because they don't have any pledge.

00:46:40.000 --> 00:46:50.000 Slava Iakovlev: And banks. They just don't understand the underlying asset. Just don't understand. And maybe because there are a lot of the majority of this of this claims.

00:46:44.000 --> 00:46:46.000 Akim: Mhm.

00:46:50.000 --> 00:46:55.000 Slava Iakovlev: Are against basically banks. Maybe it's the reason number 3.

00:46:55.000 --> 00:46:57.000 Akim: Mhm.

00:46:55.000 --> 00:47:11.000 Slava Iakovlev: And um regarding the Woodville. We I mean the company uh, because we we do a lot with the founders. So by saying we, I say, Woodville applied to Hsbc. So they. One and a half year ago they received offer.

00:47:11.000 --> 00:47:21.000 Slava Iakovlev: 18% per annum, 30 million. So obviously, it's um too expensive for the company. As soon as company can basically attract money from the market.

00:47:21.000 --> 00:47:24.000 Slava Iakovlev: 11 or 12% or 10% per annum.

00:47:24.000 --> 00:47:26.000 Akim: Mhm.

00:47:25.000 --> 00:47:34.000 Slava Iakovlev: I think I've asked you answered your question. Sorry. Yeah, and this current uh proposal guys, so.

00:47:34.000 --> 00:47:49.000 Slava Iakovlev: There are 2 ways to invest in the company depending on your profile, risk, appetite, and your investment habits. I would say so. One of them is because I deal a lot with them. Investors from these countries. Yeah.

00:47:49.000 --> 00:48:08.000 Slava Iakovlev: I have a lot of experience in Russia, so I have a clientele, mainly ex-russian entrepreneurs, investors. And so for them, Eurocle or Clear stream investment is, you know, not the best choice now. So that is why they prefer to invest via loan notes.

00:48:08.000 --> 00:48:14.000 Slava Iakovlev: Low note is a literally. Is a direct investment.

00:48:14.000 --> 00:48:22.000 Slava Iakovlev: So it's a loan contract uh between Woodville and um. An investor. So.

00:48:23.000 --> 00:48:36.000 Slava Iakovlev: Difference between isin isin is a basically registered in a Stock Exchange. Isin. And uh, it's not that flexible as low note, because in I seen you have registered um.

00:48:36.000 --> 00:48:45.000 Slava Iakovlev: Investment memorandum with exact dates of coupon payments and exact date of the redemption. So, and.

00:48:45.000 --> 00:49:09.000 Slava Iakovlev: With low notes. It's more flexible because you can get more. There are more currencies available. So if you want invest in Dirhams, okay, let's go. If you want to invest in Singapore dollars, that's fine, we can easily arrange it, and as you see, the flexibilities and the timing, I mean in in terms, and then in the interest rate, so.

00:49:09.000 --> 00:49:23.000 Slava Iakovlev: As soon as you invest. Now for 2 years you will get 11%. Your 1st coupon coupon will be 7 of June. 3 months with Icen. The the dates of the coupons are, they are fixed.

00:49:23.000 --> 00:49:27.000 Slava Iakovlev: And there is a very unique. Current situation we have because.

00:49:28.000 --> 00:49:39.000 Slava Iakovlev: The new issuance. Is going to be available. We normally issue every year new issuance in 5 currencies, euro dollar pound.

00:49:39.000 --> 00:49:45.000 Slava Iakovlev: Shekel and Swiss franc. We normally issued every year.

00:49:45.000 --> 00:49:54.000 Slava Iakovlev: And the maturity is 2 and a half year. So this year we are issuing a new issuance in Austrian exchange.

00:49:55.000 --> 00:50:09.000 Slava Iakovlev: And it's our. It's our 1st issuance in this exchange. So they delayed. A bit issuance. So that is why the the new issuance will be available only only from starting from 1st of April.

00:50:09.000 --> 00:50:23.000 Slava Iakovlev: So, and there is quite unique situation, because company now cannot stay without. Ice in products, because it's just not possible, right? So they made a decision to extend.

00:50:23.000 --> 00:50:28.000 Slava Iakovlev: Um. Trades. So until the end of the march.

00:50:29.000 --> 00:50:39.000 Slava Iakovlev: And as soon as this issue issuance as a maturity, on the 1st of September of 2026, you get. One year, and.

00:50:39.000 --> 00:51:07.000 Slava Iakovlev: And the 6 months redemption was 11. Percent per annum with quarterly paid coupons and the insurance in place. If the investment is more than 100 k. So I believe it's it's quite unique situation. But loan notes are always available. So there is no rush. I'm not pushing you, not not formal. I'm just saying you. The the current proposals that company has.

00:51:08.000 --> 00:51:10.000 Slava Iakovlev: Guys um.

00:51:08.000 --> 00:51:11.000 Akim: And it's only minimum investment is 1,000. And it's crazy.

00:51:11.000 --> 00:51:15.000 Slava Iakovlev: No, no, no. 1010 k. 10 k. Not 110 k. Um and um.

00:51:12.000 --> 00:51:17.000 Akim: I'm good. Thank you.

00:51:16.000 --> 00:51:40.000 Slava Iakovlev: Guys, I'm I'm really open for the questions. The further interaction might be Via Akeem, or maybe Akeem, you can create a group in Whatsapp. So I can answer all the questions straight away. If you're looking to invest more than one meal, I'll be able to arrange the due diligence. Call with my current investors as a huge single family offices, without more than.

00:51:40.000 --> 00:51:47.000 Slava Iakovlev: One bill. I can arrange the call with um. With investors, sorry with with founders, if you prefer.

00:51:47.000 --> 00:52:05.000 Slava Iakovlev: And I can provide all the due diligence documentation. So I'm really transparent. The company is really transparent because they understand that private markets, private market and alternative investment should be transparent as much as possible. So we have 15 min, guys. I'm ready to answer all your questions.

00:52:05.000 --> 00:52:10.000 Jin Han: So just have a few questions. How does Aurora and Woodville make money?

00:52:10.000 --> 00:52:22.000 Slava Iakovlev: Um Aurora. Woodville pays placement fees for Aurora. So we are an agent, so we don't get. We don't deal with investors money like at all.

00:52:22.000 --> 00:52:38.000 Slava Iakovlev: So we just we just market the product. We sell the product. We place the product. That's it. So we don't. We don't deal with money at all. So you have a direct deals with with Woodville, whether it's icing trade, or whether it's a low note trade where we just.

00:52:37.000 --> 00:52:39.000 Jin Han: So how does Woodville make money.

00:52:39.000 --> 00:52:50.000 Slava Iakovlev: Woodville make money by providing Uh loan notes, secured loan notes to the panel of the law firms, and charging. 5% per month to the law firm.

00:52:49.000 --> 00:53:05.000 Jin Han: Right? Okay? So one of the reasons I moved from us to the Netherlands is because I hate lawsuits, and, as you know, us has a lot of lawsuits. Um, and generally like personally injury. Lawyers are considered the lowest of low.

00:53:05.000 --> 00:53:16.000 Jin Han: Um. Having said that. What kind of impact so would this have at the society? I guess I'm looking at it. Really, 3 perspectives. There's the financial perspective as an investor.

00:53:16.000 --> 00:53:38.000 Jin Han: Well and good. There's a legal perspective. And then there's a moral perspective. So how would this impact society that may not have a whole lot of, I guess lawsuits. Now I have to constantly be worried about lawsuits. You know we had situation where somebody falls in the supermarket, and then they sue the supermarket.

00:53:38.000 --> 00:53:47.000 Jin Han: Um. And I don't think that's the kind of world that I want to live in. But anyway, so this 1st question is really the morality.

00:53:47.000 --> 00:53:59.000 Jin Han: Um. Second thing. You're to your point. I guess you're going after. Uh. Settlements, because you don't want to go to a juror trial because jurors are crapshoot.

00:53:59.000 --> 00:54:04.000 Jin Han: But having said all that. Uh.

00:54:06.000 --> 00:54:17.000 Jin Han: What I guess there's there's also possibility of a counters. So if you lose the legal battle, then. As a plaintiff, you could be potentially liable for those litigation fees.

00:54:17.000 --> 00:54:27.000 Jin Han: So I don't know if you're protected from this. Um, and a lot of times, you know, plan is settled because they are scared of losing.

00:54:28.000 --> 00:54:35.000 Jin Han: Losing the the lawsuits. Um. So I guess I was kind of curious about the protection.

00:54:35.000 --> 00:54:42.000 Jin Han: And the insurance that you mentioned. If you're over 100,000. Euros in investment.

00:54:42.000 --> 00:54:49.000 Jin Han: Um. So you're protected against a law firm going. Bankrupt.

00:54:47.000 --> 00:54:51.000 Slava Iakovlev: Bus, exactly. So.

00:54:49.000 --> 00:54:52.000 Jin Han: Why would law firm go bankrupt.

00:54:52.000 --> 00:55:01.000 Slava Iakovlev: Um if uh they let's um. I would like to answer your questions. Starting from.

00:55:01.000 --> 00:55:07.000 Slava Iakovlev: 1st to the end. So the 1st question regarding the morality. So it's basically use G, because.

00:55:08.000 --> 00:55:17.000 Slava Iakovlev: Sometimes I would say, in many cases. Litigation funding is the only way for the claimant to recover the rights.

00:55:17.000 --> 00:55:33.000 Slava Iakovlev: Because, um, it's just only one type of claim that we have like Pcp, but it might be road traffic accident might be house disrepaying claims. So basically, when a tenant. Would like to sue the the landlord.

00:55:33.000 --> 00:55:43.000 Slava Iakovlev: For the conditions of the of the property provided. That doesn't fit the contract so. And sometimes the people just have don't have money for starting the lawsuit.

00:55:43.000 --> 00:56:08.000 Slava Iakovlev: So in this case, litigation funding provide access to the litigation. It's the only way for them to restore. The rights so, and for the law firm law firm would like to some time to onboard more claims, but sometimes they just don't have the opportunity, because there is a lack of the working capital, obviously because they need to pay money in advance.

00:56:08.000 --> 00:56:22.000 Slava Iakovlev: Pay the fees. Pay this barristers, solicitors to, you know, to compel the letter to the court, or something like that, so they need to 1st to spend, and then. To get the reward.

00:56:22.000 --> 00:56:27.000 Slava Iakovlev: The remuneration in the end of the of the case regarding the.

00:56:25.000 --> 00:56:33.000 Jin Han: Right, but if I may interject very quickly, but lawyers, law firms, if they see a.

00:56:27.000 --> 00:56:29.000 Slava Iakovlev: Regarding the.

00:56:34.000 --> 00:56:40.000 Jin Han: Good chance of winning. They usually do a contingency fee based. Work right? So um.

00:56:40.000 --> 00:56:45.000 Jin Han: They don't charge anything unless they win, but they take 30, 40% of the winning.

00:56:44.000 --> 00:56:52.000 Slava Iakovlev: Exactly. It's it's the same. It's the same system in the Uk. It's called um. Is.

00:56:52.000 --> 00:57:05.000 Slava Iakovlev: The agreement, conditional fee agreement. So exactly the same. So with the plaintiff, there is an agreement that we're not going to charge you unless we win the case.

00:57:05.000 --> 00:57:25.000 Slava Iakovlev: But they need to cover some expenses. I mean the working capital. To pay the barrister solicitor to cover the. I don't know the rent payment for the office. They need to pay the fees for the trial they need to. Sometimes they need to conduct some special expertise, you know, to establish the value of the.

00:57:25.000 --> 00:57:45.000 Slava Iakovlev: Of the damage, and they need money for that. And they need money in advance. And there is always the lack of the working capital. That's why they 100% sure or 99%. Sure, they're going to win this case because there's thousands of the precedent cases like that. So that's why they go to 3rd party funder like Woodville, and ask money for them.

00:57:45.000 --> 00:57:55.000 Slava Iakovlev: And there's a good economy in that. And um uh, and the last ah! And the question regarding the so there is a official act.

00:57:55.000 --> 00:58:02.000 Slava Iakovlev: Basically the law that. You have to get the insurance. If you're a claimant.

00:58:02.000 --> 00:58:07.000 Slava Iakovlev: You have to get insurance. To be able to cover the defendant.

00:58:07.000 --> 00:58:14.000 Slava Iakovlev: Costs. In the case you lose the case. So Ata insurance, that's basically the insurance.

00:58:14.000 --> 00:58:20.000 Slava Iakovlev: That claimant should provide to litigation. Funder. To get the.

00:58:21.000 --> 00:58:29.000 Slava Iakovlev: To get the loan, because it covers all the risks in the case case is lost. So insurance will repay the capital.

00:58:29.000 --> 00:58:36.000 Slava Iakovlev: And law, firm in theory, might go bust. Because it can lose.

00:58:36.000 --> 00:58:52.000 Slava Iakovlev: Like a lot of cases in a row. So it's like a waterfall. In that case they won't be able to provide capital back to to the litigation funder. So this, as soon as the the core business of the Woodville is B. 2 b loans.

00:58:52.000 --> 00:59:00.000 Slava Iakovlev: So the risk and the underwriting and the financial health. And the ability to repay the capital in this 60% per annum.

00:59:00.000 --> 00:59:10.000 Slava Iakovlev: Ability of the law firm to pay this 60%. Is the core risk, and in the case with this insurance company it is covered.

00:59:10.000 --> 00:59:31.000 Slava Iakovlev: And the story behind that it's like, 4 years ago we started working with one insurance company that provided this Ata insurance policies for the claimants. After one and a half year. With a flawless track record and 0 defaults on the cases and the loans that had been funded. We approached this insurance company and asked them.

00:59:31.000 --> 00:59:39.000 Slava Iakovlev: Could you possibly provide extra security for our investors? Because we have a flawless track record. And they said, Yeah, we definitely do that.

00:59:39.000 --> 00:59:45.000 Slava Iakovlev: And answering the question, Akeem. What are the costs of the Woodville.

00:59:45.000 --> 00:59:59.000 Slava Iakovlev: Woodville covers insurance premium. For the investors. So investor doesn't pay any fees to get this insurance. Just another one costs that wood wheels brings for the investor.

01:00:05.000 --> 01:00:08.000 Slava Iakovlev: I hope I answered your question. Jade.

01:00:08.000 --> 01:00:10.000 Jin Han: Yeah, thank, you.

01:00:13.000 --> 01:00:15.000 Slava Iakovlev: Guys don't, don't hesitate.

01:00:39.000 --> 01:00:45.000 Akim: Федорвикс. Эри туда Еван декоу я Не Пиналался гайз.

01:00:46.000 --> 01:00:50.000 Joyce: Hey, Akeem! And Slava! It's Joyce here. Um.

01:00:49.000 --> 01:00:51.000 Akim: Hi Joe.

01:00:50.000 --> 01:01:03.000 Joyce: Hey? So just quick background. So my background is in Vc. PE. And credit. So have. Some understanding of yeah emerging asset classes like this. And it looks like it's very attractive and interesting.

01:01:03.000 --> 01:01:12.000 Joyce: Do you have like, just like a 1 page slide. That visually illustrates how the money is flowing through.

01:01:12.000 --> 01:01:14.000 Slava Iakovlev: Uh, very.

01:01:12.000 --> 01:01:14.000 Joyce: From from like.

01:01:14.000 --> 01:01:16.000 Slava Iakovlev: Very good. Question.

01:01:14.000 --> 01:01:23.000 Joyce: Ultra high note with family office through to cause. I'm I'm just having a bit of trouble visualizing. How the bonds and the.

01:01:23.000 --> 01:01:25.000 Joyce: Loan notes relate to the underlying.

01:01:23.000 --> 01:01:25.000 Slava Iakovlev: Ah!

01:01:25.000 --> 01:01:36.000 Joyce: Products that you're investing in, and how that structure, and how it is diversified across the different um. Yeah. The different litigations.

01:01:36.000 --> 01:01:43.000 Slava Iakovlev: Ready to ready to show you this slide. If Akeem provides me the rights to share the screen.

01:01:37.000 --> 01:01:39.000 Joyce: So, yeah.

01:01:42.000 --> 01:01:44.000 Akim: Sure.

01:01:44.000 --> 01:01:46.000 Slava Iakovlev: Just give me a second.

01:01:45.000 --> 01:01:53.000 Joyce: Cause. It would just be helpful to understand. I think some of the questions also around. Who are like.

01:01:53.000 --> 01:02:02.000 Slava Iakovlev: I I believe it. It might be very helpful. Can you see this? This slide. The Woodville money, flow, diagram.

01:02:00.000 --> 01:02:02.000 Akim: Yeah.

01:02:02.000 --> 01:02:04.000 Slava Iakovlev: So um, I can ask.

01:02:03.000 --> 01:02:06.000 Tim Vaino: You can zoom it in, but you can zoom it in a bit.

01:02:03.000 --> 01:02:05.000 Akim: Perfect.

01:02:06.000 --> 01:02:19.000 Slava Iakovlev: Uh, oh, I can zoom it like this. So I basically can send the the corporate deck uh Woodville. For your better understanding. Of course we've raised more than.

01:02:19.000 --> 01:02:33.000 Slava Iakovlev: Almost 300 mil. So we do know what exactly clients normally ask for. So this is quite comprehensive presentation. And insurance policy, description.

01:02:33.000 --> 01:02:45.000 Slava Iakovlev: And I can send akin to you. Updated February presentation with latest figures. And the latest insurance description, insurance, policy, description. For for your better understanding.

01:02:45.000 --> 01:02:59.000 Slava Iakovlev: And if it's comfortable, Akeem, you can create a Whatsapp or. Other chat, I'll be able to answer straight away all the questions, because the communication here is very important. Oh, you have my um.

01:02:59.000 --> 01:03:08.000 Slava Iakovlev: Email, you could put. I can copy, and I'll provide all necessary due diligence, documentation, and answer all the questions.

01:03:08.000 --> 01:03:13.000 Slava Iakovlev: Just don't hesitate to ask me. There is no, there are no stupid um.

01:03:13.000 --> 01:03:19.000 Slava Iakovlev: Questions. I normally say there are stupid answers. From my experience. Yeah.

01:03:20.000 --> 01:03:28.000 Slava Iakovlev: If you need more time to, you know, to look into everything, I'll send you the again. The latest corporate deck for your for your.

01:03:28.000 --> 01:03:30.000 Slava Iakovlev: Better understanding.

01:03:32.000 --> 01:03:33.000 Joyce: Thank you.

01:03:35.000 --> 01:03:53.000 Slava Iakovlev: And before regarding the execution, if you prefer to invest in loan notes, or is a standard anti-money laundering procedure. We need your proof of identity, proof of address, proof of funds and application form where you certify yourself as.

01:03:54.000 --> 01:04:06.000 Slava Iakovlev: Qualified investors because we are not eligible to raise money from the retail investor. Because it's licensed activity. And we basically, this is a very, I would say, complex product for the retail investor.

01:04:06.000 --> 01:04:14.000 Slava Iakovlev: And if you prefer to invest via your. Brokerage account. So you need to. You need to um.

01:04:14.000 --> 01:04:35.000 Slava Iakovlev: You need basically to inform is that you're willing to invest the amount of money currency I seen trade date. And I will send you all the contacts, all the investment memorandum terms shit and the contacts of the traders. So this this trade, these trades are settled via delivery versus payment. It's a standard Otc. Trade.

01:04:43.000 --> 01:04:45.000 Slava Iakovlev: Gentlemen!

01:04:49.000 --> 01:04:53.000 Akim: Feels um. That we are wrapping up.

01:04:53.000 --> 01:05:06.000 Akim: Um. It was a pleasure to hear about the topic, about the product, about yourself, about the. Cash flow, how it works. So if anything.

01:05:07.000 --> 01:05:24.000 Akim: Let me know. We'll be able to create a group for those who are interested, and we are wishing you the great and awesome. Friday and weekends. Um hope you spend great time together with your loved ones, and uh.

01:05:24.000 --> 01:05:30.000 Akim: Thank you a lot for attending. This event, thanks guys.

01:05:29.000 --> 01:05:37.000 Slava Iakovlev: I came. Thank you. Thank you very much for arranging this event, guys, I'm always transparent. Open. At your service, because um.