Deminor signs the 'Green Pledge'

PRESS RELEASE

Hamburg, 10 January 2024

Deminor signs the "Green Pledge"

• Deminor is one of the first litigation funders to sign the Green Pledge agreement of the Campaign for Greener Arbitrations
• The Green Pledge aims to raise awareness of impact on emissions and drive carbon footprint reduction in dispute resolution

Deminor has become one of the first litigation funders in the world to sign the international Green Pledge agreement of the Campaign for Greener Arbitrations. Deminor is committed to raising awareness of its own carbon footprint in the industry and implementing various measures to reduce its own carbon footprint. These include, among other things:

• Creating a working environment with the lowest possible environmental impact through efficient energy consumption and minimized waste
• The preference for electronic correspondence over paper documents, which should also be demanded from stakeholders. However, there is an awareness that emails also cause a CO2 footprint
• The preference for video conferencing tools over business trips or physical meetings. It should also be considered or suggested that clients and experts make their statements via video conferencing tools
• Selecting service providers and suppliers that are focused on reducing their environmental impact

The Campaign for Greener Arbitrations aims to raise awareness of the need to manage arbitration in a sustainable way. It is supported by representatives from the industry who want to raise awareness of the environmental impact of arbitration proceedings and provide practical guidance for lawyers and other stakeholders in arbitration, such as arbitrators or the parties to the dispute, in the form of best practice guidelines. The initiative goes back to the British lawyer Lucy Greenwood, who developed the agreement in 2019 and was the first to sign it.

Dr. Malte Stübinger, General Legal Counsel at Deminor: “We are delighted to be one of the first litigation funders to sign the Green Pledge. In doing so, we are raising awareness of our own carbon footprint and environmental impact in the industry and making an active contribution to reducing our own environmental impact. In order to achieve the goal of climate neutrality by 2050, international dispute resolution – like every other industry – must rethink and take immediate action. With the Green Pledge, we have a great initiative and concrete measures for implementation.”

Further information on the Green Pledge can be found here:

https://www.greenerarbitrations.com/about

About Deminor

Deminor Recovery Services (Luxembourg) SA (“Deminor”) is one of the top 10 international litigation funders. Deminor specializes in general commercial litigation, investor litigation and antitrust litigation. The name Deminor is derived from the French “défense des minoritaires” and reflects the company's roots in advising minority shareholders. Since its foundation in 1990, Deminor has pursued the goal of helping aggrieved parties on the corporate or investor side to obtain their rights. To this end, the necessary legal proceedings are accompanied and financed, whether as multi-party lawsuits or individual disputes. Before Deminor becomes active, a thorough examination of the facts of the case is carried out based on decades of experience. Deminor is characterized by a high degree of integrity. In the past, Deminor has won more than 80% of cases for its clients through the selection process. To date, Deminor has assisted its clients in pursuing claims worth around EUR 6 billion. Deminor has offices in Brussels, London, Luxembourg, Milan, Hamburg, Hong Kong, Madrid, New York and Stockholm and can therefore operate in various jurisdictions worldwide. Its clients include numerous small and medium-sized companies as well as international corporations. In addition, four of the ten largest investors worldwide regularly rely on Deminor's expertise.

Further information can be found at: https://www.deminor.com/en/

Contact Deminor*

Deminor
Germany office
Dr. Malte Stübinger (General Counsel Germany)
malte.stuebinger@deminor.com
Neuer Wall 80
20354 Hamburg
Tel. (+49) 40 3344 2508

Press contact
edicto GmbH
Dr. Sönke Knop / Jessica Pommer
deminor@edicto.de
Eschersheimer Landstraße 42
60322 Frankfurt
Tel. (+49) 69 90550551

© Deminor Recovery Services (Luxembourg) SA, 2024

*Deminor is a trading name of a group of companies consisting of Deminor Recovery Services (Luxembourg) SA, located at 1 rue Jean-Pierre Brasseur, L-1258 Luxembourg and its subsidiaries in Belgium, France, Italy, the United Kingdom, the United States and Hong Kong. Our services may vary from country to country depending on local regulations as set out in our service agreements. Please contact us to discuss the services we can provide in your country.