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- W3047781017 abstract "This submission focuses up on third party litigation funding (hereafter simply ‘litigation funding’.) As a bottom line it advocates adoption of the range of disclosure requirements and procedures canvassed by the VLRC to better support the Supreme Court in its supervision and management of litigation funding and associated class actions. Litigation funding continues to generate debate in relation to its merits and demerits, but there is no doubt that litigation funding is, and will continue to be, an important part of the foreseeable Australian legal landscape. While litigation funding is not restricted to group or class action proceedings, whereby a single representative can bring or conduct a claim on behalf of others1, it is the emergence of litigation funding in conjunction with class actions that has had a disproportional impact upon traditional litigation within Australia.2Inthe absence of hard evidence that litigation funding is fuelling an avalanche of frivolous or unmeritorious claims, however, this submission cautions against the adoption of any new external regulatory regime without full assessment of the actual, quantifiable costs and benefits of the proposed regulation, and also the risks of unintended consequences (such as the creation of unnecessary barriers to market entry). This is particularly the case given the High Court’s view in Campbells Cash & Carry Pty Ltd v Fostif Pty Ltd of a Court’s capacity to protect its processes and the increasing willingness of the courts to bring flexibility and nuance to oversight and supervisory roles in relation to litigation funding." @default.
- W3047781017 created "2020-08-13" @default.
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- W3047781017 date "2017-01-01" @default.
- W3047781017 modified "2023-09-27" @default.
- W3047781017 title "Victorian Law Reform Commission ‘Access to Justice – Litigation Funding and Group Proceedings Consultation Paper" @default.
- W3047781017 hasPublicationYear "2017" @default.
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