Only a few years ago, there was no formal regulatory scheme for litigation funders in Australia. In July 2013, Regulations were introduced to require funders to have “adequate practices” for managing any conflicts of interest that might arise in litigation they fund. The article The Regulation of Conflicts of Interest in Australian Litigation Funding by IMF Senior Investment Manager, Wayne Attrill, examines:
- The background to the conflicts rules;
- The regulations' requirements;
- How conflicts should be managed by litigation funders; and
- How the regulations impact on funders.
The article can be viewed here.