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UK-based Woodsford Litigation Funding has become the first overseas funder authorised to finance Australian class actions under recent laws cracking down on the litigation funding industry.
Ben Roberts-Smith threatened legal action against his ex-wife, who is set to give evidence against him in an upcoming defamation trial, if she disclosed information to Fairfax’s lawyers that is subject to a confidentiality agreement, a court has heard.
As the no win, no fee model comes out on top in another high profile class action beauty contest, legal experts say third-party litigation funders will need to evolve and "fight back" to stay competitive.
A junior solicitor's meeting notes during an ASIC investigation of ANZ did not belong to her client despite the lawyer billing for her attendance at the meeting, law firm HWL Ebsworth has argued before a skeptical judge.
A Federal Court judge has ordered that a referee consider how junior barristers were used in assessing the legal costs in an insurance class action against Westpac which the bank has agreed to pay up to $30 million to settle.
The Commonwealth Bank of Australia is resisting a novel proposal by ASIC to use its CommBank app to notify 6.3 million customers of a $7 million fine against it for overcharging interest, saying the move would pose a "significant risk" to the public.
A judge has urged parties in a class action against Westpac over superannuation fees to hold an in-person mediation, saying that success rates have "plummeted" during the COVID-19 pandemic as more settlement talks are held virtually.
The Australian Competition and Consumer Commission has called on Apple and Google to seize a "window of opportunity" to address the regulator's concerns about their significant power in the app marketplace or face possible regulation.
The Victorian gaming regulator has hit Crown Melbourne with the maximum fine of $1 million for failing to comply with regulations for vetting junket operations.
A judge has found he has power to order that opt out notices be sent to a limited number of Boral shareholders eligible to join two class actions that faced off last month in a class action beauty parade.