Nakiki SE Signs Letter of Intent for High-Value Covid Mask Litigation

Nakiki SE has announced that its subsidiary, Legal Finance SE, has signed a Letter of Intent concerning the financing of a Covid mask lawsuit. The dispute involves a claim up to EUR 34 million, inclusive of costs and interest.

The case revolves around a company that secured a contract with the Federal Republic of Germany for supplying Covid masks in 2020 but has not received payment. The contractor is now suing for the outstanding amount. The litigation is currently before the Court of First Instance.

Depending on the case’s outcome, Nakiki SE or its subsidiary will receive a graduated share of 15 - 35% of the litigation settlement. This lawsuit is separate and independent from another case mentioned in a previous announcement dated 9 May 2024.