Insights

Omni Bridgeway Limited has used a submission to the federal parliamentary inquiry into litigation funding and class actions to recommend legislative changes to enhance the integrity of the class action system and to call for more sophisticated analysis of the returns to litigation funders.

Omni Bridgeway is delighted to welcome highly respected international arbitrator, Benjamin Hughes to its Investment Committees, the decision-making bodies responsible for selecting the group’s investments.

In the Alucobond cladding class action the claimants, which include the bodies corporate of residential apartment buildings plus local councils, had a significant victory this week after the Federal Court of Australia rejected the German manufacturer’s submissions that the proceeding should no longer continue as a class action or in the alternative, the number of persons who are entitled to participate in the action should be limited.

Proceedings have been filed in Omni Bridgeway Limited's first funded international arbitration in Hong Kong since the Special Administration Region amended its Arbitration Ordinance (Cap. 609) to permit third party funding (effective February 2019).

Omni Bridgeway is delighted to announce the appointment of Raymond van Hulst to the Board of Directors, effective 9 April 2020.

Omni Bridgeway has welcomed talented new colleagues to the team as the company continues its international expansion. The appointments include global leadership positions and important roles in Australia in response to increased appetite for dispute finance solutions. Omni Bridgeway can also announce it is expanding its footprint into New Zealand, where the firm is already active in several actions.

IMF Bentham and Omni Bridgeway are excited to announce that IMF Bentham is adopting the unified global name of Omni Bridgeway Limited, following a shareholder vote at the company's General Meeting on 14 February 2020.

Omni Bridgeway and IMF Bentham are delighted to announce the addition of veteran commercial lawyer, Mr Maarten van Luyn, to the company's expanding Europe team. Maarten joins as Director of Collective Redress, based in Amsterdam, where he will source, assess and manage high value strategic litigation finance solutions throughout Europe, with a focus on group claims and LegalTech solutions for group claims.

IMF Bentham has welcomed the Supreme Court of New South Wales judgment in the Brisbane Floods class action, which will allow thousands of individuals and businesses to recover losses caused by the severe flooding in 2011.

IMF Bentham and Glaister Ennor announced the filing of an application in the New Zealand High Court in Auckland seeking leave to commence a class action against failed NZ insurance company, CBL Corporation (in liquidation), which will seek to recover compensation for shareholders of CBL.