Date Time
ASIC consults on guidance and relief for litigation funding schemes
ASIC has today released Consultation Paper 345 Litigation funding schemes: Guidance and relief (CP 345) to seek feedback on proposed guidance and relief for litigation funding schemes.
In the consultation paper, ASIC is proposing to:
provide definitional guidance for key terms in the managed investment scheme (MIS) regulatory regime as they apply to litigation funding schemes
grant relief from the equal treatment duty in relation to distributions of a settlement or judgment sum obtained in connection with a litigation funding scheme
extend relief from the dollar disclosure provisions in relation to certain commercially sensitive information, and
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