Insurance Law

The GFC, financial advice and limitation periods for Australia

Contact: Katherine Hayes, Senior Associate and Greg Stirling, Associate

The 2008 global financial crisis resulted in countless claims and litigated proceedings against financial advisors and their financial services licensees for losses associated with pre-GFC financial advice. With the effluxion of time, those claims have started to dry up, but for proceedings commenced in the last few years, plaintiffs and defendants are starting to turn their minds to whether the claims brought in litigated proceedings are statute barred.

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