OCV octaviar limited

pif investor class action , page-17

  1. 3 Posts.
    Thanks folks, think I've satisfied myself....

    I read this part of the funding agreement to say IMF will claim no costs exceeding the Resolution Sum.....

    12.3. The Applicant hereby disposes and assigns to IMF, as Consideration for the financing of the
    Claims and Proceedings, that part of the Resolution Sum equal to:
    (a) the amount referred to in clause 12.1(e) hereof; and
    (b) the total of the amounts referred to in clauses 12.1(a) to (d) inclusive hereof, but where
    that total is greater than the amount of the balance of the Resolution Sum after the
    disposition and assignment referred to in clause 12.3(a) (if any) then the assignment
    and disposition under this clause 12.3(b) will be limited to that balance.

    Also, in the FAQ, question 6 says in part..
    "If your claim is successful, IMF will be entitled to a commission, management fee and the reimbursement of the costs it has paid, but only from what is recovered."

    So I'll sign, even though my 'loss' is relatively small and will not add much to the 'losses' claimed.

    Thanks

    Casey
 
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