Judge says shipowner did nothing improper but bore the risk in litigation finance

Alexander Panayides, a partner at top-ranking London firm Clifford Chance, told Andonis Lemos, brother Filippos and father Nikolas that the proposal had a 90% chance of success, according to a recent court ruling. It also could bring an immense payback.

But a company controlled by Andonis Lemos would come to spend nearly £13.8m