Do I have to contribute financially to join the class action?
No, the action is fully funded. If the action is successful, the funder will take a fee from the damages awarded to you as detailed in the funding agreement.
Am I Exposed to an Adverse Costs Order if the case is unsuccessful?
No, group members (excluding the First Plaintiff) are not liable for costs in such an action.
Is the legal team experienced in an action such as this?
Yes. The team are experienced in both bank litigation and class actions. The Bankwest class action is the result of many years representing Bankwest victims in addition to research into the matter more broadly.
What Happens Once I Join the Class Action?
You will initially need to provide us with the following:
- A copy of your last Commercial Loan Facility Agreement
- A copy of the Valuation used to establish the loan facility.
- A brief overview of the circumstances around the Bankwest insolvency action. against you.