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Scotland: The Latest Country to Embrace Class Actions

On July 31, 2020, Scotland implemented a new legal mechanism for group proceedings. The ‘opt-in’ class actions represent a hybrid between U.S. opt-out class actions, where claimants are automatically included and remain fully anonymous, and non-U.S. opt-in countries where claimants file group complaints with each a named party. Opt-in group proceedings The Civil Litigation (Expenses and Group Proceedings) (Scotland) Act Continue Reading

Jurisdiction Profile: Italy

For securities litigation, Italy is a jurisdiction in flux. The next few years will determine whether it again becomes a hospitable place for recovery efforts. Shareholders are appealing an adverse decision by the Court of Milan on proof of share ownership required to maintain suit. If that decision is upheld, it will frustrate future opt-in group actions. During the coming Continue Reading

August is a Hot Month for Australian Investors

22 August 2020 will subject litigation funders and their funding agreements to regulations On 22 August 2020, the Australian securities class action landscape will again be rocked when Treasurer Josh Frydenberg delivers on his May 22 promise to subject litigation funders and their funding agreements to regulation.  After uncertainty following the High Court’s rejection last year of common fund orders Continue Reading

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