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When BlackRock Inc., the world’s largest asset manager, signed a $254-million deal with Hindustan Construction Co. in March 2019, it fuelled hope of propelling growth in India’s nascent market for litigation financing. Four years on, that hope has had a reality check and the market hasn’t grown as expected. But now, there is another ray of hope. BlackRock had agreed to buy rights to a portfolio of arbitration awards and claims on projects ......
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