The Australian government has released its exposure draft of new legislation relating to litigation funding and the regulation of the Australian class action industry. Under the proposed bill, the payout of fees to litigation funders and lawyers involved in successful class actions will be capped at 30%. The bill also proposes to eliminate Common Fund Orders, which automatically bring all potential claimants under the umbrella of a class action. The Association of Litigation Funders of Australia has already spoken out, arguing that the government should shelve the bill and start again.
Litigation Lending Services is proud to announce the appointment of two new investment managers. Emma Colantonio joins the team in Sydney, coming from MinterEllison. Laura Morrissey joins the team in Brisbane, coming from HWL Ebsworth Lawyers.
Litigation Lending Services Limited is backing a class action against the Australian Commonwealth on behalf of thousands of Indigenous Australians in the Northern Territory whose wages were unjustly withheld or not paid as a result of wage control legislation in effect until 1972. The legal challenge is being run by Shine Lawyers.