Corporations Amendment (Litigation Funding) Regulations 2020 –
Yesterday Treasury registered the Corporations Amendment (Litigation Funding) Regulations 2020 which can be accessed here.
The Regulations provides a specific carve-out for the litigation funding of insolvency matters, exempting these claims from being classified as a managed investment arrangement.
Pretium Funding applauds all stakeholders who ensured that Treasury fully appreciated the potential ramifications of the legislation and brought about this practical solution.
Pretium looks forward to continuing to service the insolvency industry.