Herbert Smith Freehills has launched 25 Years of Class Actions in Australia, a definitive review of the development of the law and practice of class actions between 1992 and 2017.
Edited by Herbert Smith Freehills partner Damian Grave and executive counsel Helen Mould, the book has been published in conjunction with the Ross Parsons Centre of Commercial, Corporate and Taxation Law at the University of Sydney.
The law and practice associated with class actions has developed considerably in the 25 years since the first Australian class action regime was introduced. Many people and perspectives have contributed to this. 25 Years of Class Actions in Australia brings together a range of those perspectives to reflect on, and provide analysis of, these developments, as well as look at what’s ahead.
The number of actions filed has grown steadily since the class actions regime was introduced. The regime has developed in parallel with the growth in litigation funding.
The book features contributions from current and former members of the judiciary, academics, the business community and a number of Herbert Smith Freehills lawyers based in Australia and London.
25 Years of Class Actions in Australia examines a range of topics, such as whether the class actions regime has met its objectives, the evolution of litigation funding, the approach to settlement approvals and particular controversies in the area of securities class actions, including the requirements for causation and measuring and proving loss.
Copies of the book can be purchased from the Ross Parsons Centre.