Qualification(s): LLB, BComm, Graduate Diploma in Applied Finance and Investment (Securities Institute of Australia)
Steven Foale is a class actions Special Counsel in Maurice Blackburn’s Brisbane office. He is a highly experienced commercial litigator with 20 years’ experience in commercial law which he brings to his class action matters.
Steven has considerable expertise in large insolvency litigation and has acted 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.
Steven represented over 160,000 claimants in the bank fees class actions brought against Australia's largest banks. The class action took Steven to the High Court of Australia, where he successfully instructed during the Andrews v ANZ proceedings. The case resulted in an historic victory for all Australians who hold bank accounts, regarding the clarification of the operation of the doctrine of penalties.
“The most rewarding thing about my work is the ability to obtain justice for those for people who have been the victims of corporate wrongdoing. Class actions give the means of creating a level playing field for people couldn’t normally afford to access the justice system and take on the big corporations and government departments,” says Steven.
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, seeking compensation of around $20 million; and an insolvent trading and breach of director's duty claim against former directors of Nomad Telecommunications Ltd seeking compensation of around $20 million.
Before starting with Maurice Blackburn in April 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.
“When the opportunity came up to work in class actions I thought it was time to broaden my experience in another area of law. In addition, the idea of representing numerous people to achieve a positive outcome, in some of Australia’s largest and most high profile cases, sounded rewarding.”
Steven is highly regarded in his field and is the author of four chapters in the ‘Bankruptcy’ volume of The Laws of Australia.
Memberships & accreditations
- Law Institute of Victoria member
- Insolvency Practitioners Association of Australia member