The Sign Up Process

You can sign up to obtain IMF's funding by completing the online Funding Agreement and Solicitor Retainer in 6 quick steps:

Provide Contact Information
1. Email   2. Contact details
Complete Claim Information
3. Claimant Details   4. Trade Details
Accept Agreements
5. Funding Agreement   6. Lawyer Retainer
  • We recommend you complete the 6 steps in one sitting. If you are unable to do so, you will be emailed a link that will enable you to continue the online sign up at a later time.
  • Once you have completed your claim online, you will be able to access your details at any time via your personal account in IMF's client portal, myIMF.

Sign Up FAQs 

(Click questions to expand)

CBL shareholders who acquired CBL shares on either or both the New Zealand Exchange (NZX) and Australian Securities Exchange (ASX) in the period between 7 September 2015 and 8 February 2018 (Relevant Period) and held some or all of those shares at the close of trade on 8 February 2018.

Generally, the Funding Agreement should be signed by the registered holder of the CBL shares. IMF will, however, accept a Funding Agreement signed by the beneficial owner of the shares if the custodian or nominee company that is the registered owner of those shares is unwilling or unable to sign the Funding Agreement.
To sign up online it's a good idea to have your transaction records on hand as you will be asked to provide details of the claimant's purchases, sales (and any other transactions) of CBL securities in the period from 7 September 2015 to 8 February 2018 (inclusive). You will also be asked to provide the name of the person or entity that purchased the shares, and how many shares they held as at close of trade on 6 September 2015.
If you have traded in multiple exchanges you are required to complete a registration for each exchange.
Any legal proceedings will be funded by IMF on a “no win, no pay” basis. This means that you do not have to pay anything in the event that the class action proceeds and your claim is ultimately unsuccessful. If your claim is successful IMF will be entitled to receive certain amounts but only from what is recovered. Glaister Ennor will also be entitled to the “Remaining Costs” as defined in the Funding Agreement, but again only from what is recovered.
Glaister Ennor are the lawyers conducting the proceedings in the CBL class action.
We note IMF's CBL Corporation (in Liquidation) Funding Agreement is subject to a 21-day cooling off period and Glaister Ennor’s Retainer is subject to a 5 working day cooling off period. In this time you may terminate either agreement by following the notice requirements set out in each of the agreements. You may use this cooling off period to obtain separate legal advice about the agreements you have entered into if you wish to do so.
MyIMF is a client portal whereby you can log in and see details of the IMF funded claims you have signed up for. You can update your contact details and access information that is related to your claims

Yes, this is an “opt-in” proceeding.

The class action will be limited to those who sign a Funding Agreement. This requirement is in place for two reasons:

First, the New Zealand High Court Rules provide that a representative action can be commenced as a right if all persons being represented provide their consent. We therefore require your consent, upfront, to participate in the action. By signing a Funding Agreement with IMF, you are providing consent to participate in the action.

Second, there is presently no ‘common fund’ procedure in New Zealand. In order to prevent ‘free riders’ from sharing in the potential fruits of the action without contributing to the costs, the action is limited to those who elect to sign a Funding Agreement.

You can email the IMF Client Liaison Team on [email protected] and request more information or free call 1800 016 464.