As previously discussed here, a recent court decision by Australia’s Federal Court in the Brookfield Multiplex Limited case essentially stopped the litigation funding industry in its tracks. Yesterday, however, the Australian Securities and Investments Commission remedied this problem, at least as relates to existing cases. Full details are available in this post on my Enforcement Action blog over at Compliance Week.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn