Class actions are on a growth trajectory in New Zealand, fuelled by a mix of factors including increased interest from offshore funders, growing share market activism, increasing data security risk, and a stronger consumer focus in commercial regulation.
This trend was anticipated by the Law Commission which recommended in June 2022 that New Zealand establish a statutory class action regime supported by a formal litigation funding framework. But, although the Government has endorsed the Commission’s report and indicated that it will be progressed, we seem now to be idling at the lights with the prospect of a green light seeming to diminish the closer we get to the elections.
We are pleased to share our latest publication Class Actions in New Zealand which takes stock of the class action landscape in New Zealand. We hope you find it insightful and informative, and we would welcome the opportunity to discuss this further with you and to answer any queries you may have.
Click the link below to read the publication.