The High Court of Australia has today unanimously dismissed BHP’s attempt to block shareholders who are not resident in Australia from participating in a class action against the company.
On the latest episode of the LFJ Podcast, Ben Phi, Partner at Australian class action law firm Phi Finney McDonald, discussed his recent response to the Senate Economics Committee in regard to the proposed regulation of class actions. Ben outlined his response to the ‘rising D&O insurance’ and ‘social inflation’ arguments being made by Big Insurance, and the negative consequences that could emerge if large class actions are over-regulated.
In this episode, we spoke with Ben Phi of Australian class action law firm Phi Finney McDonald. Ben recently penned this LinkedIn post which outlines his comments to the Senate Economics Committee on the proposed regulatory changes to the class action landscape in Australia. Ben joined us on the podcast to further explain his position, including his response to the ‘rising D&O insurance’ and ‘social inflation’ arguments being made by Big Insurance, and the negative consequences that could emerge if large class actions are over-regulated.
Phi Finney McDonald, a specialist collective action law firm, are launching an office in London. With offices currently in Melbourne and Sydney, Australia, Phi Finney McDonald has an unparalleled reputation for driving competition and innovation in the Australian class action and litigation funding markets. Its repeat clients include some of the largest and most influential pension schemes, private investors, sovereign wealth funds, and investment platforms across the Asia Pacific, North America and Europe.
