The problem with HK’s class actions proposals

Author: | Published: 4 Dec 2009

Banks and companies in Hong Kong could find themselves in a highly litigious environment if they fail to voice concerns over the Law Reform Commission’s proposals on class actions.

The plans, which were announced on November 5, propose to introduce multi-party litigation, or class actions.

Of particular importance is the proposal to allow for contingency fees, third-party litigation funders and public financing. This would mean all three of the major tools used to fund class actions would be available in Hong Kong.

“If people have their grievance then they should be entitled to their day in court....