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