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Woolworths says $330M underpayments remediation should scuttle FWO’s case
Adero Law 2021-09-21 2:16 pm By Miklos Bolza Sydney

Supermarket giant Woolworths has denied the Fair Work Ombudsman is entitled to seek compensation for its underpayment of staff, saying its $330 million remediation to affected employees fully answers the regulator’s case.

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Car makers to pay $52M to settle Takata airbags class actions
Allens 2021-09-15 3:36 pm By Cat Fredenburgh Melbourne

Six of the world’s largest car makers have agreed to pay $52 million to settle class actions accusing them of selling cars with deadly Takata airbags.

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PwC a ‘different beast’ to law firms when it comes to privilege, court hears
Alan Shearer 2021-09-13 10:24 pm By Miklos Bolza Sydney

Assessing claims of privilege involving multidisciplinary firms like PricewaterhouseCoopers that offer legal and accounting services is “inherently awkward”, a court heard on the final day of a hearing in a privilege battle between the accounting firm and the ATO.

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NSW Police launch investigation into Forum Finance
Allens 2021-09-13 2:57 pm By Cat Fredenburgh

The NSW Police have commenced an investigation into Forum Finance and director Bill Papas, which have been accused by Westpac, French investment bank Societe Generale and Japanese bank SMBC of a $400 million fraud.

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‘Curious choice’ to sue PwC and not Baker McKenzie, judge says
Accounting 2021-09-13 2:00 pm By Bianca Hrovat Sydney

Chinese lender Aoyin must pay PricewaterhouseCoopers’ legal costs for a vacated trial after Aoyin’s eleventh hour decision to join Baker McKenzie to a $10 million cross-claim in a dispute concerning the accounting firm’s advice on its failed bid to launch the first Chinese incorporated bank in Australia.

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PwC partner kept on JBS brief to maintain privilege despite CFO’s unhappiness
Accounting 2021-09-10 9:16 pm By Cindy Cameronne Sydney

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a “cloak of legal privilege” kept a supporting role on the brief despite the company CFO’s dissatisfaction, a court has heard.

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Law firms say more COVID-19 cost cutting measures not on the cards
Ashurst 2021-09-09 9:50 pm By Cindy Cameronne Sydney

Despite COVID-19 case numbers in Australia hitting historic highs and the threat of an economic recession, law firms are cautiously optimistic about their ability to weather the storm without redundancies or reductions in staff pay. 

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PwC partner at centre of ATO privilege spat earned less than non-lawyer assistants, court hears
Accounting 2021-09-09 6:49 pm By Miklos Bolza Sydney

A PwC partner who the ATO claims was assigned to work on a matter for meat processing company JBS to bring a “cloak of legal privilege” earned hundreds of dollars less per hour than his non-lawyer assistants, a court has heard.

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PwC client says ATO’s privilege case ‘nightmare to the rule of law’
Accounting 2021-09-08 9:06 pm By Cindy Cameronne Sydney

Meat processing company and former PricewaterhouseCoopers client JBS has slammed as a “nightmare to the rule of law” a claim by the Commissioner of Taxation that the accounting giant’s internal protocols destroyed the company’s lawyer-client relationship.

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High Court finds media responsible for third-party Facebook comments
Appeals 2021-09-08 3:13 pm By Bianca Hrovat Sydney

The High Court has found that media outlets are responsible for the publication of defamatory third-party comments on news stories posted to their Facebook pages, upholding a landmark decision by the NSW Supreme Court.

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