Nera Capital opens first office in the Netherlands
Litigation funder Nera Capital is opening its first Dutch office in Amsterdam as it takes on more work in the Netherlands.
The firm has been involved in several high profile legal claims which fall under the remit of the Wet Afwikkeling Massaschade in Collectieve Actie (WAMCA), which translates to the Settlement of Mass Damages in Collective Action Act.
The WAMCA allows for collective legal actions, enabling multiple claimants to combine similar cases into a single lawsuit.
The firm’s director Aisling Byrne said that Nera’s involvement with the WAMCA was a key factor in the decision to increase its presence in the region.
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“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,” said Byrne.
“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.
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“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.”
Nera Capital’s new office is located in the Zuidas district of Amsterdam (pictured).
The firm has been growing its reach recently by acquiring positions in a number of cartel and anti-trust claims in various jurisdictions, including the USA.
Byrne added that the expansion into Amsterdam aligns with the company’s core priorities of “fostering collaboration and expanding strategic networks”.
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