On 30 September 2021, the Department of Treasury opened consultation on new laws which, if enacted in their proposed form, will introduce new hurdles for litigation funders intended to ensure fairer returns for group members in future funded class actions.
The reforms continue the Government's recent legislative activity in the class action space, having made substantive amendments to continuous disclosure laws in August 2021 directed at shareholder class actions.
To read more, click here.
Jason Betts
Partner, Head of Class Actions, Asia and Australia, Sydney
Brock Elder-Gunthorpe
Senior Associate, Melbourne
Key contacts
Jason Betts
Partner, Head of Class Actions, Asia and Australia, Sydney
Brock Elder-Gunthorpe
Senior Associate, Melbourne
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.