Law Commission wants regulation of litigation funders

Fri, 04 Dec 2020

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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