Litigation insurers and funders follow first case of new Court of Appeal panel

Orthopedic device manufacturer Syntorr must provide €2 million security for cost reimbursement in two UPC lawsuits against competitor Arthrex over patents EP 2 670 898 and EP 3 835 470 covering surgical suture technology. Munich local division rejected Syntorr's insurance policy as adequate security, requiring bank guarantee instead. Syntorr appealed to UPC's new third Court of Appeal panel, which will hear its first case today. Decision impacts litigation funding industry's ability to finance UPC cases through insurance coverage.