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HFPS Pty Limited (Trustee) v Tamaya Resources Limited (in Liq) (No 3) [2017] FCA 650

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PRACTICE AND PROCEDURE - representative proceeding - application for Court approval of settlement of proceedings under s 33V of the Federal Court of Australia Act 1976 (Cth) - whether the settlement is fair and reasonable and in the interests of the group members as a whole - factors relevant to the reasonableness of the settlement - reasonableness of costs and disbursements of legal advisers - reasonableness of fees and commission to be paid to litigation funder - employment of funding equalisation formula as opposed to common fund orders - reasonableness of settlement sum

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