I work at a law firm near Munich.
Here is a small excerpt.
Although we generally strive to obtain a higher compensation amount, we believe it makes sense for you to accept the offer in this case. This is due to the following reasons:
1. We are aware that Hillside is planning to restructure its companies, which could increase the risk of enforcement.
2. Hillside has received a new license in Germany under a new legal entity, sparking rumors of possible liquidation proceedings.
- (From me) Personally, I find that simply cheeky. It always reminds me of those construction companies that close down every few years and reopen under a different name to avoid paying the delayed lawsuits. Something really needs to change in Germany (Europe).
3. We consider it highly likely that Hillside plans to liquidate the "old" ENCs, which could raise legitimate concerns among the claimants.
4. We have determined that some claims against Hillside are at least partially at risk because losses were incurred while bet365 was still operated by one of the Gibraltar LPs (before November 2018). The prospects of success in these cases in court, particularly with regard to a full refund, are therefore reduced and subject to increased risk.
Should a liquidation be likely, the liquidation proceeds will likely be far less than the stated 37.5%. Furthermore, the question arises as to whether any amounts will be available from the other party at all. Against this backdrop, we advise you to accept the settlement. The litigation funder financing your legal dispute also wishes to accept the settlement promptly and has asked us to request approval on their behalf as well.
Automatic translation: