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Research
September 12, 2013

Improving the Environment for Business in Australia

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. The growth of the lawsuit investment industry has occurred largely without government oversight, giving rise to serious issues yet to be addressed. As a result, the increase in TPLF-financed litigation has in turn increased the cost of doing business in Australia, a trend which will continue if the current situation remains unchanged.

The U.S. Chamber Institute for Legal Reform (“ILR”) has grave concerns about this development, which has implications not only for the Australian civil justice system and economy but globally as well. ILR supports reform of the oversight regime governing TPLF in Australia in a way that will address the problems that the growth of TPLF poses.

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Fall 2021 | ILR Research Review | Volume 8, Issue 2 Class Action Litigation, Data Privacy, Mass Tort Multidistrict Litigation, Municipality Litigation, Third Party Litigation Funding (TPLF) Consumer Attitudes to Third Party Litigation Funding and its Potential Regulation in the EU Third Party Litigation Funding (TPLF) Winter 2020 | ILR Research Review | Volume 7, Issue 2 Arbitration, Class Action Litigation, International Initiatives, Third Party Litigation Funding (TPLF) ILR Briefly: Third Party Litigation Funding in Qui Tam False Claims Act Cases False Claims Act (FCA), Third Party Litigation Funding (TPLF) Summer 2020 | ILR Research Review | Volume 7, Issue 1 COVID-19 Liability, Securities Litigation Reform, Third Party Litigation Funding (TPLF)

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