Woodsford is the first overseas funder to be authorised to fund class actions in Australia.
We are delighted that we have been granted an Australian financial services (AFS) licence by the Australian Securities Investment Commission (ASIC) authorising us to fund class actions in Australia as Managed Investment Schemes under new regulations which came into effect last year.
Woodsford is now one of a small number of litigation funders, and the first overseas funder, able to fund new class actions in Australia under the changed regulatory landscape.
Charlie Morris, Woodsford’s Chief Investment Officer for EMEA and APAC commented, “Woodsford is delighted to have been granted an AFS licence by ASIC and is intent on funding many new, meritorious class actions in Australia. We are currently considering a number of class action opportunities in Australia, in addition to those we have already funded, and are committed to continuing to provide avenues for Australian claimants to access justice.”
You can read the full press release here.