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Litigation financing and funding company Omni Bridgeway (ASX:OBL) has told the market the industry has been spared a scalping in Trump’s ‘Big Beautiful Bill,’ a spending and tax package from the Trump 2.0 Administration.
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There had been some concerns the company could face a more onerous taxation landscape after the bill was passed; early discussions mentioned whether or not the government could make revenues through taxing loans given by litigation funders.
Between the lines, there was always an undercurrent of ideology informing that concern.
Fears the staunchly conservative government might look for ways to complicate access to litigation funding pathways for some underscore the kinds of customers Omni deals with from time to time.
(The company also advertises a class action funding product on its website.)
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“This outcome aligns with the regulatory reviews in other parts of the world during the last few years, including Australia, the European Union, and the U.K., which have been overwhelmingly supportive,” OBL wrote.
“[These reviews] have acknowledged the public benefits provided by Legal Finance including improved access to justice, accountability, and economic development.”
OBL last traded at $1.36/sh.
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