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Shareholder class actions - a critical analysis of the procedure under Part IVA of the Federal Court of Australia Act

Thai, Lang 2015, Shareholder class actions - a critical analysis of the procedure under Part IVA of the Federal Court of Australia Act, University of Western Australia law review, vol. 40, no. 1, pp. 138-162.

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Title Shareholder class actions - a critical analysis of the procedure under Part IVA of the Federal Court of Australia Act
Author(s) Thai, Lang
Journal name University of Western Australia law review
Volume number 40
Issue number 1
Start page 138
End page 162
Total pages 25
Publisher University of Western Australia
Place of publication Perth, W.A.
Publication date 2015
ISSN 0042-0328
Summary Part IVA of the Federal Court of Australia Act 1974 (C’th) governs the class action procedure, which has been available in Australia since March 1992. The procedure was not popular amongst the shareholders until in the late 1990s, and since then the number of shareholder class actions has steadily increased. Many of these shareholder class actions settled before a final court hearing. This article critically examines the class action procedure and in doing so, it highlights the current issues that contribute to a rapid rise in shareholder class actions. The article calls for reform to the class action procedure. It identifies areas for reform in an attempt to improve the position of the group members so that they can receive a better outcome than what they can get under the current class action model.
Language eng
Field of Research 180109 Corporations and Associations Law
Socio Economic Objective 940405 Law Reform
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, University of Western Australia
Free to Read? Yes
Persistent URL http://hdl.handle.net/10536/DRO/DU:30081878

Document type: Journal Article
Collections: Faculty of Business and Law
Law
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.