Class Action Reform Spurs Intense Response from Funders
November 22, 2021 Commercial, Premium, Regulatory Issues
The Australian government’s bid to reform class actions, and by extension third-party litigation funders, is nearing its climax. A parliamentary committee assembled to examine the bill has expressed support. A key argument in favor of increased legislation is that funders ostensibly make profits that are out of proportion to the risk taken and the costs incurred.
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