Responses continue to come in on the Australian draft exposure bill

Responses continue to come in on the Australian draft exposure bill relating to litigation funding and the regulation of the Australian class action industry. The International Litigation Finance Association argues that the tight seven-day consultation period for this bill confirms that those who are pushing for these regulations do not want to engage in any meaningful consultation and their objective is to cut off funding of Australian class actions and create procedural hurdles, red tape and costs that make all class actions harder, longer, and costlier to run against large institutions. Read the ILFA statement.