Advofin litigation financing
| Advofin Litigation Financing AG
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 2001 |
| Seat | Vienna , Austria |
| management | Gerhard Wüest (Member of the Management Board), Franz Kallinger (Member of the Management Board), Stefan Bohar (Member of the Management Board) |
| Branch | Litigation funding |
| Website | www.advofin.at |
The Advofin Prozessfinanzierung AG is the oldest service provider of litigation financing of collection procedures in Austria . AdvoFin was founded in 2001 as an Austrian litigation financing company and is financed by financially strong, independent institutional investors. By the end of the 2017 financial year, AdvoFin had achieved over 260 million euros for almost 24,000 customers.
history
In the first five years since it was founded in 2001, Advofin took over the financing of individual lawsuits ( building damage , doctor's liability ...) In 2006, Advofin took over the financing of a class action in the Salzburg WEB housing affair for 2,300 victims. This class action was followed by other collective proceedings, especially in the area of the capital market ( Immofinanz , Auer von Welsbach, Meinl European Land). In 2018, Advofin launched the largest class action lawsuit in Austria with more than 3 million potentially affected. Around 300 million euros are to be reclaimed from ORF because it illegally levied VAT on almost 3.3 million GIS customers.
Web links
Individual evidence
- ↑ Christine Kary: Litigation at outside expense. The press, February 12, 2014
- ↑ GIS class action: 1 billion euros in damage for fee payers
- ↑ Opportunity for Americans injured
- ↑ ORF is to repay 300 million euros to fee payers