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LRC proposes class action mechanism for HK consumersThe full report

HK Government, 28-May-2012

But not for investors, and litigation funding companies will not be permitted. Champerty and maintenance will continue to be illegal - no reform there. Instead the LRC proposes that the Consumer Council should have a monopoly on funding class actions, beefing up the legal aid fund which takes up to 50% of the winnings. Overall, a huge disappointment, and even then, the Government might decide not to adopt the recommendations. HK deserves better.

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