VLRC review into Litigation Funding

On 17 July 2017, a consultation paper was released by the Victorian Law Reform Commission (VLRC). The paper is the next step in VLRC review of the potential risks and cost burdens for litigants. It concerns the cases when they use services of litigation funders and/or participate in group proceedings. The VLRC’s report is expected to help to inform the debate in this country around the role of litigation funding, including the regulation of litigation funders. Key issues of the report include potential conflicts of interest, disclosure to the plaintiff and interests of unrepresented class members The deadline for submissions is 22 September 2017. The VLRC’s final report is due by 30 March 2018.

Read full article at Lexology.com

Summarized by Natalia Tsar.

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