The Australian court has recently approved a $52 million settlement in the six Takata airbag class actions, netting litigation funder Regency Funding a $13 million commission.
The Australian court has recently approved a $52 million settlement in the six Takata airbag class actions, netting litigation funder Regency Funding a $13 million commission.
June Ahern of Wolters Kluwer describes draft Regulations proposed by the Australian Government Department of Treasury which would bring arrangements for litigation funding schemes in line with the arrangements for other types of litigation funding (such as insolvency litigation, class actions or proof of debt arrangements), ultimately providing greater certainty for market participants.
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