Plans by Australia’s recently elected Labor government to reinstate a financial services licensing exemption for litigation funders could lead to an upswing in class action funding. Andrew Saker, chief executive of litigation funder Omni Bridgeway, one of the few funders to have an Australian Financial Services Licence, said the government’s proposed changes will create a more conducive environment for litigation funders to work in the class action environment.
Stephen Kyriacou Jr. of Aon shares with Gaston Kroub of Kroub, Silbersher & Kolmykov PLLC that the litigation risk insurance market has exploded with activity in the last two years and notes that insurers are now starting to come around to the prospect of insuring not only the principal invested by litigation funders and other investors in litigation-related assets, but a portion of those investors’ anticipated upside, too.
Stephen Kyriacou Jr. of Aon gives Gaston Kroub of Kroub, Silbersher & Kolmykov PLLC a succinct yet comprehensive primer on litigation risk insurance and the many forms it can take.
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