Tag Archives: New Zealand
New Zealand’s Prime Minister Expresses Support for a Formal Class Action Regime
Class actions have been proven time and time again to be an immensely valuable tool for consumers and communities to seek justice against large corporations and institutions, with litigation funders often playing a crucial role in supporting these claims. However, there are still many jurisdictions, such as New Zealand, where there is no formal class…
LPF Group Fuels Litigation Funding in New Zealand
New Zealand has been far slower to adopt litigation funding than neighboring Australia, where the practice originated. However, the funding market is surging in kiwi-land, thanks in part to local funder LPF Group, which has bankrolled some sizable claims.
Funded Class Actions Fill New Zealand’s Litigation Calendar in 2020
A bevy of funded class actions are making their way through New Zealand courts in 2020, sparking debate on issues such as opt-in/opt-out, and other procedural components of how the nascent class action regime should operate.
New Zealand Law Commission to Reevaluate Litigation Funding
The Law Commission of New Zealand suspended its examination of litigation funding last year due to resource constraints, but in the wake of several high profile class actions funded by local and global litigation funders, the commission is now resuming its review of litigation funding….
New Zealand Wary Over Increase in Litigation Funding After Mainzeal Judgment
In a recent decision by a New Zealand High Court, the directors of failed construction company Mainzeal – including former Prime Minister Jenny Shipley – were ordered to pay $36MM to creditors. The claim was funded by litigation funder LPF, and many in New Zealand are concerned that the big win will herald a litigation funding…
