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Hillcrest Litigation Services Limited (HLS)
is a publicly listed company on the Australian Securities Exchange (ASX).


General Overview

About Hillcrest Litigation

Hillcrest Litigation Services Limited is an ASX listed Company. (ASX Code HLS).

The pincipal activity of the Company is the provision of litigation funding.

Litigation Funding Industry in Australia

The essential nature of a litigation funding business is that the litigation funder provides funds to enable a party to meet the cost of pursuing a legal claim and, in return for assuming those funding obligations, the litigation funder is entitled to receive a percentage (typically 30 percent to 45 percent) of the amount ultimately recovered under the claim, whether by way of court judgment or an earlier agreed settlement.

The costs funded and paid by the litigation funder generally include the legal fees, at usual hourly charge-out rates, of its client party’s solicitors and barristers together with the disbursements or expenses (such as the costs of any requisite experts reports) relating to the litigation. If the client party is an insolvency practitioner pursuing a claim in an insolvency matter, the costs funded and paid by the litigation funder generally also include the reasonable fees of the insolvency practitioner involved in pursuing the claim.

In addition, the litigation funder typically provides its client party with an indemnity (secured by either a bank guarantee or cash on deposit) against an adverse costs order in the event that the claim is unsuccessful. No amount is received by the litigation funder if the claim is unsuccessful.

Litigation funding is applicable in situations where a person or a company: has a good legal claim but not the financial resources to pursue it; or cannot provide security to meet a security for costs order; or wishes to lay off some or all of the financial risk associated with litigation; or is concerned about being exposed to liability for the other side`s costs.

Contact Info

Hillcrest Litigation Services Limited

1 Colin Street
West Perth, WA
AU Australia, 6005

Phone: +61 8 9324 3266
Fax: +61 8 9324 3277

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Hillcrest Litigation Services Limited Google Map
Hillcrest Litigation Services Limited Google Map

Share Registry

Computershare Investor Services Pty Limited - Click here to view share registry profile

Phone: +61 3 9415 5000
Fax: +61 3 9473 2500

452 Johnston Street
Abbotsford, VIC
AU Australia, 3067

Important Information

The General Overview, Services, Products and Projects information for this profile was last edited on 02 Aug 2016.

All Financial Data is provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Share Prices nor any independent data provider is liable for any informational errors, omissions or other defects, incompleteness, or delays, or for any actions taken in reliance on Financial Data.

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