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.
Omni Bridgeway has expanded its global footprint to 23 offices across 13 countries with the official launch of its office in Auckland, New Zealand.
Joseph E. Cho has joined the team at Omni Bridgeway as US Corporate Counsel. His expertise will assist the US team with negotiating and closing domestic and international funding transactions.