Class Actions: exposure draft bill concerning third party litigation funders

Held on Thursday 28 October 2021, 5.30pm (AEDST).  

The Treasury says that “[t]he proposed measures would enhance court oversight over the distribution of class action proceeds and establish a rebuttable presumption that a return to the general members of a class action litigation funding scheme of less than 70 percent of their gross proceeds is not fair and reasonable. The proposed measures would also require plaintiffs to consent to become members to a class action litigation funding scheme before funders can impose their fees or commission on them.”   Listen to The Hon Justice Catherine Button,  Justin Gleeson SC, Kate Morgan SC, Nathan Rapoport and with thanks to the Chair, The Hon Justice Jayne Jagot.

View the video here