Business Services Industry
Class actions up in Australia.
Business Insurance, August, 1997 by Higgins, Yvette
Excess capacity will prevent product liability rates from rising: Risk manager SYDNEY, Australia - Australian companies are facing a rash of class-action lawsuits over claims of illness from contaminated food products, though it is not expected to harden product liability rates. Class actions in general are becoming more frequent in Australia since the Trade Practices Act was amended five years ago.
The amendments were introduced to give Australian plaintiffs a litigation option available in other developed countries. Lawyers are divided, however, on whether there will be an explosion of class-action litigation. Some attorneys do not expect a large increase of this type of litigation, but others predict a rise in class actions as Australians recognize them as a...
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