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Implications of this week’s Full Federal Court ruling on competing class actions

The Full Court of the Federal Court of Australia confirmed this week that only one of three competing class actions against GetSwift Limited may proceed. This ruling is significant for the Australian class action landscape and is the first time the Full Court has ruled on competing class actions. The Full Court said that guidance was required on the factors to be considered and the options open to judges when dealing with competing ‘open’ class actions.

IMF Bentham’s Oliver Gayner discusses third-party dispute finance

IMF Bentham Ltd's Oliver Gayner discusses the origins of dispute finance in Australia in the mid-1990s and its subsequent growth in many jurisdictions around the world, where it is now an integral part of civil justice, providing a means of facilitating access to justice and offlaying litigation risk.

IMF Bentham’s Noah Wortman attends Council of Institutional Investors Fall Conference

IMF Bentham Ltd’s Noah Wortman attended the Council of Institutional Investors (CII) Fall Conference in NYC in late October. CII’s Fall Conference brought many of the world’s institutional investors, regulators, and ESG professionals together under one roof to discuss and debate topics surrounding investment stewardship, public policy, corporate governance, and shareholder activism.

Australian Federal Court judge proposes trial of costs budgeting in class action

Justice Bernard Murphy has said he would like to trial costs budgeting in proceedings currently on foot in the Federal Court in Victoria. During a procedural hearing in two shareholder class actions against Brambles Limited(1), the judge said that he would like to trial an adoption of UK-style costs budgeting, as outlined by Sir Rupert Jackson at a recent conference in Melbourne, co-sponsored by IMF Bentham Limited.

IMF Bentham’s Nathan Landis discusses third-party funding at inaugural Darwin Arbitration Symposium

IMF Bentham Ltd’s Nathan Landis participated in the inaugural Darwin Arbitration Symposium, held in Darwin on 24 October. The Symposium, hosted by William Forster Chambers in Darwin, was the first arbitration event held in the Northern Territory. During the session dealing with third-party funding, Nathan discussed the steps to obtain financing, and described how to prepare a matter for funding, including the types of documents that should be provided.

IMF Bentham shares insights in The Australian Legal Review

Global litigation financier, IMF Bentham Limited, has featured in The Australian Legal Review magazine. The Australian was keen to understand how this extremely successful pioneer achieved its position as one of the most trusted brands in the funding industry. The answer to IMF Bentham’s success is its highly talented and experienced team of Investment Managers and a rigorous investment process overseen by a prudent Investment Committee, comprising industry founders and former judges (including The Honourable John Sulan QC who was interviewed for the feature). The 500+ years collective wisdom of this team has produced a 90% success rate over 17 years, recovering $1.4 billion for funded claimants.

GST incorrectly charged on Canberra apartments - second class action filed by IMF Bentham Limited

IMF Bentham is funding a second class-action to recover GST paid by buyers of new residential units in certain developments in the ACT. The action has been commenced in the Federal Court in NSW against entities associated with the Morris Property Group and Doma Group in joint venture. The plaintiffs claim that GST was incorrectly charged on apartments in the “Governor Place” development, in Barton ACT.