19. August 2010 13:42
The NSW state government has announced its intention to introduce new laws clarifying the rules surrounding class actions - a staple of corporations litigation.
The Attorney-General, John Hatzistergos, stated that the current court rules do not provide clear guidance on standing to commence an action, timing, costs and settlement. The draft legislation will be modelled on existing Federal and Victorian laws.
A draft bill and discussion paper will be made available later in the year.
Further information is available on the NSW government Lawlink site.