Analysis

The financing arrangement underwriting Quinn Emanuel’s shareholder class action against AMP, which will earn its partner Burford Capital a record low 10 percent of any recovery, sets a new standard in class action litigation funding, and is expected to spark greater price competition in the industry. 

It warned offenders, and then it won its first case. Now with the one-year anniversary of laws protecting small businesses from unfair contracts ticking over, expect the consumer regulator to take no prisoners, lawyers say.

Lawyers are advising large companies to look hard at their business plans to keep on the good side of the Australian Competition and Consumer Commission now that the enforcer has a new arsenal to deploy.