CBL Collapse Ignites Firestorm of Litigation

[2020] NZLJ 163

Posted: 1 Jul 2020

See all articles by Nikki Chamberlain

Nikki Chamberlain

University of Auckland Faculty of Law

Date Written: April 2020

Abstract

The collapse of CBL Corporation Limited (in liquidation) (CBL Corporation) and related companies, including CBL Insurance Limited (in liquidation) (CBL Insurance), heralds in a new dawn for complex litigation in New Zealand. Never before has the same subject-matter birthed as many class actions and regulatory actions within New Zealand's court system. The flow-on effect is that our judiciary will soon encounter novel and complex issues relating to issue estoppel, consolidation and litigation funding. This article addresses the current proceedings on foot and signals important and unprecedented issues that will arise in those proceedings in the near future including consolidation of competing shareholder class actions and the impact of regulatory actions on civil class actions.

Keywords: class actions, litigation funding, complex litigation, shareholder class actions, new zealand

Suggested Citation

Chamberlain, Nikki, CBL Collapse Ignites Firestorm of Litigation (April 2020). [2020] NZLJ 163, Available at SSRN: https://ssrn.com/abstract=3622665

Nikki Chamberlain (Contact Author)

University of Auckland Faculty of Law ( email )

Private Bag 92019
Auckland Mail Centre
Auckland, 1142
New Zealand

HOME PAGE: http://https://unidirectory.auckland.ac.nz/profile/n-chamberlain

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