The Road To Reform: ALRC Discussion Paper On Class Actions And Litigation Funders Released

On 31 May 2018 the Australian Law Reform Commission (ALRC) released a discussion paper on its "Inquiry into Class Action Proceedings and Third-Party Litigation Funders" (Inquiry). The Inquiry focuses on the impact that an increasing number of class actions and litigation funders has had on the class action regime introduced to the Federal Court of Australia 26 years ago. As a result of that Inquiry, the ALRC has proposed several reforms to the federal class action regime in Australia. Whilst the ALRC is not due to provide its final report to the Attorney-General until December 2018, we explore the current proposals in this article.

The full ALRC report is available here.

Shareholder class actions