Thu Nov 05 2009ASIC yesterday announced its intention to grant transitional relief to lawyers and litigation funders involved in legal proceedings structured as funded class actions. The relief, which will apply until 30 June 2010, is from the requirements that would otherwise apply to funded class actions as "âmanaged investment schemes" under Chapter 5C and Chapter 7 of the Corporations Act 2001. Learn more>
5 November 2009
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