Topic: Class actions

A class action, is a type of lawsuit where one of the parties is a group of people who are represented collectively by a member of the group.

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Inquiry into the regulation of the class actions regime

On 11 June 2020, the AICD made a submission to the Parliamentary Joint Committee on Corporations and Financial Services’ Inquiry into the regulation of the class actions regime.

Time to close the class action paradise

The government has rightly eased some demands of the continuous disclosure rules. A more balanced system is needed once the virus emergency passes.

Rethinking class actions

We need boards focused on value creation, not fending off value-destroying litigation, writes AICD head of policy Christian Gergis.

Class action risk and COVID-19

Legal experts warn that temporary reforms aimed at shielding directors from the threat of class actions could have unintended consequences.

COVID-19: Government eases continuous disclosure rules for six months

The Federal Government is easing continuous disclosure rules for six months to help listed entities deal with the uncertainty cause by COVID-19.

Litigation funders to be subject to greater regulatory oversight

The Federal Government has announced that litigation funders will need to hold a financial services licence and comply with the managed investment scheme regulatory regime.

ASX listed boards face threat of shareholder class actions

The TPT Patrol v Myer Federal Court decision represents a significant shift for director liability, says AICD's head of Advocacy Louise Petschler.

AICD supports regulatory regime for class action funders

The Australian Institute of Company Directors (AICD) supports calls to regulate the litigation funding market, noting that a week on from the TPT Patrol v Myer decision there are concerns that an incr...

Myer shareholder class action unlikely to dampen class action filings

The shareholder class action has loomed large over the boardrooms of Australian listed entities since shareholder driven representative proceedings first emerged in Australia in the early 2000s.

Release of ALRC final report into class action proceedings and third-party litigation

The Australian Law Reform Commission (ALRC) has released its final report into class action proceedings and third-party litigation funders
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