Full Federal Court decision lowers the bar for litigation funders

Greg Williams, Blair McEwan, James Walker and Annie Achie of Clayton Utz summarise the Full Federal Court’s decision in LCM Funding Pty Ltd v Stanwell Corporation Limited and predict that it will restore Australia’s status as a highly attractive market for investment in class actions due to the low barriers for commencement of a claim and minimal regulatory burden on funders (in particular, overseas-based funders).