Rules governing litigation funding under review in Australia by AG

18th Jan 2017

Australian Attorney-General Martin Pakula has asked the Victorian Law Reform Commission to review the rules governing third party litigation funding to “prevent unfair conduct in civil proceedings, such as class actions” according to the Australasian Lawyer.

Pakula said, “This review will consider how we can better protect Victorian consumers from unfair costs, while ensuring that law firms and litigation funders continue to support worthwhile claims”.

“It is incredibly frustrating when a person wins a case, only to walk away almost empty-handed because the money has been soaked up by unfair legal fees”, he said. “The days of some litigation funders charging such excessive fees need to come to an end”.