Victoria’s landmark class action reforms have made it the jurisdiction of choice for securities claims and could force the federal government to follow suit, according to the authors of an industry-leading report on the sector.
The Review – Class Actions in Australia2021-22 by global firm King & Wood Mallesons also says cryptocurrency is emerging as a new battleground in the US and that Australia could soon follow suit.
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Michael Pelly is the legal editor, based in our Sydney newsroom. He has been a senior adviser to federal and state attorneys-general and written two books, one a biography of former High Court Chief Justice Murray Gleeson. Email Michael at michael.pelly@afr.com
