ALFA

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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.

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