Law Commission wants regulation of litigation funders

Law Commission wants regulation of litigation funders
Victoria Young
The Law Commission believes litigation funders need to be regulated, but class actions should be generally allowed.It today released a major report on the controversial area of class actions and those that bankroll them.The commission's view on law reform in this area will now go through a consultation phase before a final report to the Justice Minister in May 2022.The 381-page report says a statutory class actions regime is needed for New Zealand.“Our preliminary view shouldn’t come as any surprise, we’re just not taking...

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