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High Court of Australia signage The High Court of Australia in Canberra, Australia’s capital. Photo: Shutterstock.com

Courts have no power to order all members of a class action to pay a portion of their recoveries to a litigation funder, Australia’s High Court has ruled in a decision some lawyers say is a major blow to the litigation funding industry.

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Christopher Niesche

Christopher Niesche is the Australia correspondent for Law.com International. He covers the business of law in Australia and writes about lawyers, global and domestic law firms and in-house law departments. He also covers Australian regulatory matters. He can be reached at cniesche@alm.com and on Twitter: @ChrisNiesche.

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