litigation

Policy & Regulation

Litigation funding reforms introduced in Parliament

The bill will allow courts to be empowered to approve or vary the method for distributing claim proceeds to non-members of the scheme....

Financial planning

ASIC levy to continue to fund litigation

The corporate watchdog has confirmed it will use 80% of its funding towards enforcement, supervision, and surveillance activities for financial year 2021-22....

Financial planning

64% increase in ASIC’s civil proceedings

Civil penalties totalled $159.8 million during the second half of 2020 for the corporate regulator including seven Royal Commission investigations that totalled $77.65 mi...

Policy & Regulation

Frydenberg gave ASIC barely a day’s notice on litigation funding changes

The Australian Securities and Investments Commission is the regulator expected to oversee the Government’s proposed new litigation funding regime but received barely 24 h...

Funds management

Will lawyers find themselves in the same regulatory boat as advisers?

The Government’s proposed changes to class action and litigation funding may see lawyers subject to some of the same obligations as financial advisers, according to the A...

Policy & Regulation

ASIC admits increased risk of litigation failures

The Australian Securities and Investments Commission has avoided declaring a targeted success rate for its ‘if not, why not’ approach to litigation and has foreshadowed t...

Funds management

Litigation success rate at 89% for IMF Bentham

Litigation funding firm, IMF Bentham has recorded a portfolio value increase of 68 per cent as Royal Commission boosts legal service demand....

Features

Why not litigate: Empty threat or a sign of a teething tiger?

As the Australian Securities and Investments Commission shifts to a ‘why not litigate’ approach to pursuing breaches of financial services and corporate law, Hannah Woott...

Editorial

Time for ASIC to end the chest-beating

The Australian Securities and Investments Commission has done much post-Royal Commission chest-beating about pursuing litigation but it needs to translate that tough talk...

Policy & Regulation

ASIC clarifies litigation approach

The Australian Securities and Investments Commission has clarified the circumstances in which it is likely to litigate financial services breaches....