On 21 December 2020, the PJC released its report – Litigation funding and the regulation of the class action industry.
Following the December 2020 PJC report, Omni Bridgeway commissioned work by PwC to consider the pricing of litigation funding services using an economic analysis framework:
In June 2021, the Treasurer and the Attorney-General published a joint consultation in response to Recommendation 20 of the PJC’s report: Guaranteeing a minimum return of class action proceeds to class members.
On 30 September, Treasury published exposure draft legislation responding to a number of recommendations made by the Parliamentary Joint Committee on Corporations and Financial Services in its report on litigation funding and the regulation of the class action industry and sought stakeholder views on the draft https://treasury.gov.au/consultation/c2021-211417.
As Australia’s leading dispute financier, we have advocated for appropriate industry regulation and governance in Australia. Our submissions to previous industry Inquiries in Australia are available here.
Omni Bridgeway has extensive relationships across the finance, legal and adjacent industries. We work with leading law firms, academics, arbitrators, mediators, market analysts, economists and other experts throughout the world. Here we share links to Australian class actions commentary from a selection of leading organisations and individuals, in addition to Court decisions and our class actions blogs and videos.
As Australia’s leading dispute financier, we have advocated for appropriate industry regulation and governance in Australia. Our submissions to previous industry reviews and Inquiries in Australia, along with a selection of publications and podcasts
on class actions, are available here.