US Senate Adopts Budget Reconciliation Bill Without Litigation Finance Provisions
Burford Capital (NYSE:BUR), a leading global finance and asset management firm specializing in law, announced that previously proposed tax provisions related to litigation finance have been removed from the US Senate's budget reconciliation bill. The removal came after the Senate Parliamentarian ruled these provisions ineligible for inclusion. The Senate has subsequently adopted the bill without the litigation finance provisions.
Burford Capital (NYSE:BUR), una delle principali societ脿 globali di finanza e gestione patrimoniale specializzata in ambito legale, ha annunciato che le disposizioni fiscali precedentemente proposte relative al finanziamento del contenzioso sono state rimosse dal disegno di legge di conciliazione del bilancio del Senato USA. La rimozione 猫 avvenuta dopo che il Parlamentare del Senato ha stabilito che tali disposizioni non erano ammissibili per l'inclusione. Successivamente, il Senato ha adottato il disegno di legge senza le disposizioni sul finanziamento del contenzioso.
Burford Capital (NYSE:BUR), una destacada firma global de finanzas y gesti贸n de activos especializada en derecho, anunci贸 que las disposiciones fiscales previamente propuestas relacionadas con la financiaci贸n de litigios fueron eliminadas del proyecto de ley de conciliaci贸n presupuestaria del Senado de Estados Unidos. La eliminaci贸n se produjo despu茅s de que el parlamentario del Senado dictaminara que dichas disposiciones no eran elegibles para su inclusi贸n. Posteriormente, el Senado aprob贸 el proyecto de ley sin las disposiciones sobre financiaci贸n de litigios.
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Burford Capital (NYSE:BUR), une soci茅t茅 mondiale de premier plan dans la finance et la gestion d'actifs sp茅cialis茅e dans le domaine juridique, a annonc茅 que les dispositions fiscales pr茅c茅demment propos茅es concernant le financement des litiges ont 茅t茅 retir茅es du projet de loi de r茅conciliation budg茅taire du S茅nat am茅ricain. Ce retrait est intervenu apr猫s que le parlementaire du S茅nat a jug茅 ces dispositions in茅ligibles 脿 l'inclusion. Le S茅nat a ensuite adopt茅 le projet de loi sans les dispositions relatives au financement des litiges.
Burford Capital (NYSE:BUR), ein f眉hrendes globales Finanz- und Asset-Management-Unternehmen mit Spezialisierung auf Recht, gab bekannt, dass zuvor vorgeschlagene Steuerbestimmungen im Zusammenhang mit Prozessfinanzierung aus dem Haushaltsausgleichsgesetz des US-Senats entfernt wurden. Die Entfernung erfolgte, nachdem der Parlamentssekret盲r des Senats diese Bestimmungen als nicht zul盲ssig f眉r die Aufnahme eingestuft hatte. Der Senat hat das Gesetz anschlie脽end ohne die Prozessfinanzierungsbestimmungen verabschiedet.
- Removal of potentially restrictive litigation finance tax provisions from Senate bill
- Favorable Senate Parliamentarian ruling on provision eligibility
- None.
Based on the Senate Parliamentarian's ruling that those provisions were not eligible for inclusion in the bill, they were removed. The bill has now been adopted by the Senate without containing those provisions.
About Burford Capital
Burford Capital is the leading global finance and asset management firm focused on law. Its businesses include and risk management, asset recovery and a wide range of legal finance and advisory activities. Burford is publicly traded on the New York Stock Exchange (NYSE: BUR) and the London Stock Exchange (LSE: BUR) and works with companies and law firms around the world from its global network of offices.
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This press release does not constitute an offer to sell or the solicitation of an offer to buy any ordinary shares or other securities of Burford.
This press release does not constitute an offer of any Burford private fund. Burford Capital Investment Management LLC, which acts as the fund manager of all Burford private funds, is registered as an investment adviser with the US聽Securities and Exchange Commission. The information provided in this press release is for informational purposes only. Past performance is not indicative of future results. The information contained in this press release is not, and should not be construed as, an offer to sell or the solicitation of an offer to buy any securities (including interests or shares in any of Burford private funds). Any such offer or solicitation may be made only by means of a final confidential private placement memorandum and other offering documents.
Forward-looking statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the US Securities Act of 1933, as amended, and Section 21E of the US Securities Exchange Act of 1934, as amended, that are intended to be covered by the safe harbor provided for under these sections. In some cases, words such as "aim", "anticipate", "believe", "continue", "could", "estimate", "expect", "forecast", "guidance", "intend", "may", "plan", "potential", "predict", "projected", "should" or "will", or the negative of such terms or other comparable terminology, are intended to identify forward-looking statements. Although Buford believes that the assumptions, expectations, projections, intentions and beliefs about future results and events reflected in forward-looking statements have a reasonable basis and are expressed in good faith, forward-looking statements involve known and unknown risks, uncertainties and other factors, which could cause Burford's actual results and events to differ materially from (and be more negative than) future results and events expressed, projected or implied by these forward-looking statements. Factors that might cause future results and events to differ include, among others, those discussed in the "Risk Factors" section of Burford's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the US Securities and Exchange Commission on March 3, 2025. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements contained in the periodic and current reports that Burford files with or furnishes to the US Securities and Exchange Commission. Many of these factors are beyond Burford's ability to control or predict, and new factors emerge from time to time. Furthermore, Burford cannot assess the impact of each such factor on its business or the extent to which any factor or combination of factors may cause actual results and events to be materially different from those contained in any forward-looking statement. Given these uncertainties, readers are cautioned not to place undue reliance on Burford's forward-looking statements.
All subsequent written and oral forward-looking statements attributable to Burford or to persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements speak only as of the date of this press release and, except as required by applicable law, Burford undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Burford Capital Limited
FAQ
What happened to the litigation finance provisions in the US Senate's budget reconciliation bill for Burford Capital (NYSE:BUR)?
Why were the litigation finance provisions removed from the Senate bill affecting Burford Capital (NYSE:BUR)?
When did the US Senate adopt the budget reconciliation bill affecting Burford Capital (NYSE:BUR)?
What previous statements did Burford Capital (NYSE:BUR) make regarding the Senate bill?
