Steven Foale is Special Counsel in Claims Funding Australia’s Brisbane office. He is highly regarded and brings a unique combination of skills and experience to his role at CFA, having over 20 years’ experience as a litigator in commercial law and class actions, plus experience working for another litigation funder.
Steven holds a Bachelor of Commerce and Bachelor of Laws from Adelaide University, Graduate Diploma of Legal Practice from University of South Australia and Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia.
His expertise in large insolvency litigation has led to him acting for many insolvency practitioners in relation to examinations under sections 596A and 596B of the Corporations Act, preference actions, insolvent trading actions, and breach of duty claims against directors and auditors.
He also has extensive experience working with several litigation funders while working on insolvency matters and class actions.
Before starting with Maurice Blackburn in 2006, Steven practiced for eight years in Adelaide and Sydney, initially with a major Adelaide law firm and then with a boutique insolvency law firm. Steven was then employed as a litigation manager by a large litigation funder for three years, selecting and managing large cases including insolvency cases.
Steven has also successfully acted in a number of notable matters including an insolvent trading claim by the liquidators of Centaur Mining & Exploration Ltd against the company's directors, and an insolvent trading and breach of director's duty claim against former directors of Nomad Telecommunications Ltd.
Steven is the author of four chapters in the ‘Bankruptcy’ volume of The Laws of Australia.
Memberships & accreditations
- Queensland Law Society