Press Release
21/10/2024
For Immediate Release
Top legal finance firm, Nera Capital, is expanding its presence in Holland by opening a new office in Amsterdam, due to its involvement in several high-profile legal claims in the WAMCA.
The strategic move into innovative and renowned offices in the prestigious Zuidas district is largely driven by significant legal actions that will proceed through the Holland court system.
In January 2020 the Netherlands introduced a new piece of legislation known as the Wet Afwikkeling Massaschade in Collectieve Actie (WAMCA) which translates to the Settlement of Mass Damages in Collective Action Act.
It allows for collective legal actions, enabling multiple claimants to combine similar cases into a single lawsuit, and is a key factor in Nera Capital’s decision to increase its presence in the region.
Firm Director, Aisling Byrne, explained that this approach not only streamlines the legal process but also increases the efficiency and impact of group claims.
Ms Byrne added: “For Nera Capital, this system means a more robust and coordinated effort in legal pursuits, ensuring clients benefit from a comprehensive and streamlined legal strategy.
“Our expansion into Amsterdam reinforces Nera Capital’s desire to establish a stronger foothold in a key European financial and legal hub, positioning us at the centre of key industry developments and opportunities.
"Leveraging our cutting-edge technology and embracing legal frameworks like the WAMCA reflects Nera's dedication to ensuring that we remain at the forefront of the industry.
“The move marks more than just a new office - it's another strategic step in our expansion, giving us the platform we need to further scale our operations and continue delivering top-tier service for our clients and partners.”
The change comes at a fruitful time for the legal funder, which is undergoing a period of heavy growth.
In recent months Nera Capital has continued to build its success through acquiring positions in a number of cartel and anti-trust claims in various jurisdictions, including the USA whilst also onboarding several new prominent funding partners.
Reflecting on Nera’s recent success, Ms. Byrne noted that the expansion into Amsterdam aligns with the company’s core priorities of fostering collaboration and expanding strategic networks
-ENDS-
About Nera Capital
· Established in 2011, Nera Capital is a specialist funding provider to law firms.
· Provides Law Firm Lend funding across diverse claim portfolios in both the Consumer and Commercial sector.
· Headquartered in Dublin, the firm also has offices in Manchester and The Netherlands.
· Member of European Litigation Funders Association
Media contact: For press enquiries please email press@inkedpr.com