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May 4, 2021

Balance is the first non-Australian Funder to be awarded AFSL

We are pleased to announce that Balance Legal Capital has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities & Investments Commission (ASIC) effective from 21 April 2021

Maya Shallita
Investment Manager

We are pleased to announce that Balance Legal Capital has been granted an Australian Financial Services Licence (AFSL) by the Australian Securities & Investments Commission (ASIC) effective from 21 April 2021. We understand we are the first non-Australian litigation funder to be granted an AFSL since new rules introduced by the Australian Government in 2020 required litigation funders to carry an AFSL. Balance is therefore well-positioned to continue to fund new class actions in Australia.

Simon Burnett, Partner, commented: “We’re delighted to have been granted an AFSL. It is a testament to our operational readiness and our ongoing commitment to funding meritorious actions in Australia.”

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