fbpx
News
September 12, 2013

Australian Press Highlights New ILR Proposal for Reforming Oversight of Third Party Litigation Financing

In recent years, the use of third party litigation financing (“TPLF”) in Australia has resulted in a notable proliferation of class actions and other funded lawsuits.

As such, ILR has a released a new paper, “Improving the Environment for Business in Australia,” which proposes a combination of three policy actions to mitigate the risks posed and harms caused by TPLF.

The Australian this week reported on ILR’s proposals in this story (subscription required) that appeared on the front page of the newspaper’s Legal Affairs section.

The article reports that ILR has:

“Grave concerns about this development, which has implications not only for the Australian civil justice system and economy but globally as well.”

Journalist Chris Merritt also writes that ILR’s “proposals had been drawn up to protect its constituents as well as all stakeholders in the civil justice system.”

Click here to read ILR’s full report.

Delaware General Assembly Blog Delaware Wants to Take a Closer Look at the TPLF Industry   Third Party Litigation Funding (TPLF) Blog European Parliament Legal Affairs Committee Adopts TPLF Legislative Initiative Report International Initiatives, Third Party Litigation Funding (TPLF) Image of the UK Supreme Court Blog An Update on the Current UK Litigation Landscape: Podcast Review International Initiatives Blog American and European Business Groups Release Joint Statement in Support of EU TPLF Regulation  International Initiatives Welcome to Delaware Sign Blog Another Federal Court Now Requires Disclosure of Third Party Litigation Funding Third Party Litigation Funding (TPLF)

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings