'Put the Brakes on Class Actions': Australian Parliamentary Joint Committee Report
By EsqSocial Corporation 27/01/21
The Situation: Australia has become a hot spot for class actions fueled in large part by litigation funders, who have operated for many years in a largely unregulated market and have derived spectacular returns from their investment―in some cases, more than 500%. With the passage in June 2020 of Australia's first regime (in Victoria) permitting lawyers to charge U.S.-style contingency fees, the increase in class action activity is not just expected to continue but potentially lift substantially...
By: Jones Day