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Australian dollars flying around Photo: Shutterstock.com

U.K.-headquartered litigation funders have accused big business in Australia of peddling myths about litigation finance and adopting “anti-foreigner” rhetoric in a bid to have the industry more tightly regulated.

The funders also told an Australian parliamentary inquiry focused on class actions that a planned requirement for them to have a license would push many foreign players out of the market and reduce competition in the sector.

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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 [email protected] and on Twitter: @ChrisNiesche.

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