ASIC manages transition to new regulatory regime for litigation funding schemes
ASIC has made ASIC Corporations (Litigation Funding Schemes) Instrument 2020/787 (Instrument) to manage the transition to the new regulatory regime for litigation funding. On 22 May 2020, the Government announced that it would regulate litigation funders under the Corporations Act. Following the commencement of the Corporations Amendment (Litigation Funding) Regulations 2020 (Regulations), from 22 August …
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