What does IMF provide?
Adverse Costs In court proceedings such as these, at the end of proceedings it is open to the Court to order the loser to pay the winner’s costs. In an action such as this, this amount is likely to be in the hundreds of thousands of dollars. Under the IMF Agreement, IMF will indemnify you against any adverse costs orders. In other words, if for any reason you are ordered to pay adverse costs to the Defendant, then IMF will make that payment for you. • Disbursements Even at an early stage it is clear that the Westpoint litigation will be very expensive. As part of its commitment to pay legal costs, IMF will pay all out of pocket expenses that are incurred in the running of the claim. This includes retaining barristers and experts who will cost hundreds of thousands of dollars. • Security for Costs Many of the actions will be brought on behalf of small proprietary limited companies that have been established by individuals and families to act as the trustees of their self-managed superan
