In a webinar for the Association of Corporate Counsel (ACC) Australia, Omni Bridgeway Investment Manager Leanne Meyer chatted with our Head of Enforcement for Asia, Marjolein van den Bosch-Broeren, about the role a dispute funder plays in enforcing judgments and awards from unwilling or evasive debtors and early steps in-house counsel can take to safeguard collectability.
This is part 2 of our podcast on negotiation strategies for commercial dispute resolution in which Omni Bridgeway’s Clive Bowman chats with Robert Bordone, a Senior Fellow at Harvard Law School. In Part 2, Clive and Bob discuss positional bargaining and alternative methods of negotiating and how to get around difficult behaviour from the other party. They also share key learnings from the globally renowned Harvard Negotiation Institute workshop.
In this two-part podcast, Omni Bridgeway’s Clive Bowman chats with Robert Bordone, a Senior Fellow at Harvard Law School, about negotiation strategies for commercial dispute resolution. In Part 1, Clive and Bob discuss theories behind negotiation methods, principles for negotiating a good outcome and how to create value in negotiation and why it is important.
In this recent webinar panel discussion hosted by Lexology, Omni Bridgeway and an expert panel shared their insights and answered some of the most critical questions that companies, and lawyers have about using dispute finance for insolvency-related claims across Asia-Pacific.
Many in-house counsel would consider using dispute finance for commercial claims according to a survey conducted by Omni Bridgeway at the 2020 Association of Corporate Counsel (ACC) in-house Legal Virtual Conference, with the inability to afford litigation being the main factor influencing their decision.
With CPD year-end approaching for many Australian legal professionals, Omni Bridgeway has a suite of complimentary options to help you earn CPD points in practice management while learning how dispute finance can mitigate cost and risk for your business or clients.
The Omni Bridgeway-funded class action against the manufacturer and suppliers of certain polyethylene (PE) core cladding has commenced in the High Court of New Zealand. The action seeks compensation for New Zealand property owners and lease holders who have suffered or will suffer financial loss in relation to the Alucobond PE and Alucobond Plus cladding products which are or were affixed to their buildings.
This week, the members of the Williamtown Contamination Class Action received some good news in the run up to Christmas: $57m in compensation was distributed by their settlement scheme administrator, Ben Allen of Dentons. The distributions followed from the landmark settlement achieved in February 2019 by Omni Bridgeway’s funded class action.
A recent decision of the Supreme Court of Queensland (Court of Appeal) held that the funding agreements between a funder and the members of a class action were not unenforceable as being against public policy and recognises the public benefit to be derived from class actions funded by a third party litigation funder.
Building owners, bodies corporate and public bodies of properties in Australia who believe their buildings may be affected by combustible cladding will find important information on Omni Bridgeway’s Australian Combustible Cladding Class Actions webpage. The webpage contains Notices for likely class members that have been approved by the Federal Court of Australia and full details of the online registration process.
In countries where it is permitted, Omni Bridgeway’s investment managers offer their expertise in managing complex arbitration, litigation and recoveries. This can enhance the claimant’s chances of achieving the best possible result.
Omni Bridgeway Investment Manager and former General Counsel of RSL NSW, Leanne Meyer, chats with Christian Paech, former General Counsel and Company Secretary of Australian energy company, Santos Limited. They discuss some of the challenges for an in-house legal team when a company has a claim and how dispute finance can assist.
Omni Bridgeway is pleased to be the first company in Australia to be granted a litigation funding Australian Financial Services Licence (AFSL). The AFSL means we are able to fund Australian class actions in compliance with the new regulations that came into force last month.
In Australia, shareholder class actions are one mechanism that can be deployed when other safeguards have failed to protect shareholder rights, enhance long-term value and change behaviour for the better.
To improve confidence and fairness in the Australian class action system, Omni Bridgeway has recommended the introduction of a minimum return to group members of no less than 50 per cent of the proceeds from a successful action. We believe this would strike the right balance.
Omni Bridgeway supports the introduction of a licensing regime for litigation funders operating in Australia that includes minimum onshore capital adequacy requirements. This would increase confidence in the Australian class actions system and benefit all parties – class members, defendants and the courts.
The role of litigation funders in the Australian class action system is currently under assault from a number of vocal pro-business advocates. Their motive is clear: remove the funders and you remove class actions against large companies.
Pro-business advocates have used ‘circularity’ arguments in their attempts to discredit shareholder class actions in Australia and prevent investors from seeking justice. In our latest blog we examine these arguments and the many significant benefits of these actions for shareholders and more broadly for Australia’s financial markets.