May 10, 2012
Bloomberg | May 10, 2012
Centro Retail Australia (CRF), formed from the mall manager’s reorganization, had the biggest gain in more than four months in Sydney trading after agreeing to a A$200 million ($201 million) settlement in a shareholder suit.
May 9, 2012
The Lawyer | May 9, 2012
Third-party funder Harbour Litigation Funding has raised £120m to plough into commercial litigation cases while its market rival Vannin Capital has quadrupled its annual litigation fund from £25m to £100m to meet growing demand.
May 4, 2012
The Australian | May 4, 2012
The British government's decision to introduce US-style contingency fees has triggered a push for Australian lawyers to be given the same right to take a proportion of what their clients win in court.
March 20, 2012
Sydney Morning Herald | March 20, 2012
Corporate governance professionals have backed the regulator's call for stiffer penalties when companies fail to keep investors informed of profit downgrades. The calls follow a $300,000 penalty levied on construction giant Leighton on Friday for keeping knowledge of a $900 million hole in its books from investors for a month.
March 19, 2012
Australian Lawyers Weekly | March 19, 2012
A leading American legal advocate has warned Australian lawmakers that litigation funders are not interested in access to justice. Lisa Rickard, the vice president of the US Chamber of Commerce and president of the US Chamber Institute for Legal Reform (ILR), was visiting Australia this week. She told Lawyers Weekly that while lawyers are concerned to act in the best interests of their clients, litigation funders don’t share the same concerns about access to justice.
March 16, 2012
The Australian | March 16, 2012
One of the most senior representatives of the US business community has warned that the risk of doing business in Australia will rise if the federal government adopts a light-touch approach to regulation of the litigation funding industry. Lisa Rickard, who is executive vice-president of the US Chamber of Commerce, is concerned that if the oversight of this industry is left to the courts "there is no doubt about the fact that it will add to the risk of doing business".
The Australian | March 16, 2012
The problem with class actions that are backed by litigation funders is that a lawyer in such a case may give preference to the wishes of the funder in structuring the proceedings.
March 2, 2012
Sydney Morning Herald | March 2, 2012
American companies should be able to side-step the Australian legal system in the event of certain legal disputes a US business lobby says. The US Chamber of Commerce wants US-domiciled companies to have the option of dealing with legal issues in courts outside Australia under the rules being hammered out for a new Pacific-wide trade agreement.
February 13, 2012
Wall Street Journal | February 13, 2012
Since Australia’s high court in 2006 gave litigation funding its stamp of approval, the industry has grown significantly. In a new report sponsored by the U.S. Chamber Institute for Legal Reform, an Australian law professor takes a look at how the practice — where businesses invest in high-stakes legal disputes, sharing the risks and potential rewards — creates conflicts of interest.
October 11, 2011
Bloomberg | October 11, 2011
Merck & Co.’s Australian unit won a bid to overturn the first trial decision outside the U.S. that said the drugmaker failed to warn of heart risks associated with its painkiller Vioxx.
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