Recent developments in litigation funding in Australia and the UK

In brief – Promoting best practice in litigation funding

The recently released Code of Conduct for Litigation Funders in the UK and the anticipated Corporations Amendment Regulations in Australia demonstrate that both jurisdictions are striving to establish best practice in litigation funding.

Litigation funding in England and Wales

On 23 November 2011, the Civil Justice Council (CJC), which promotes the needs of civil justice in England and Wales and looks to continue a process of modernising the civil justice system, published a Code of Conduct for Litigation Funders.

The Master of the Rolls, Lord Neuberger of Abbotsbury who is also the Chair of the CJC, commented at the launch of the Code: