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King & Wood Mallesons appoints new chief executive partner
Business of Law 2021-11-10 5:01 pm By Christine Caulfield Melbourne

Big Six law firm King & Wood Mallesons has promoted managing partner of clients and mergers and acquisitions Renae Lattey to lead the firm’s Australian practice.

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Top JPMorgan execs to face stand before trial after late ACCC disclosure
Ann Bonnor 2021-11-10 2:07 pm By Christine Caulfield Melbourne

JPMorgan bigwigs who are key witnesses for the prosecution in its cartel case over ANZ’s botched share placement in 2015 will be questioned by Citibank and Deutsche ahead of trial.

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Top judge did ‘unexplained violence’ to Star’s business interruption policy, Full Court told
Adam Pomerenke 2021-11-08 9:42 pm By Miklos Bolza Sydney

In rejecting a bid by The Star Entertainment Group to recoup losses stemming from the COVID-19 pandemic, the Federal Court’s Chief Justice did “real and unexplained violence” to the construction of a business interruption policy the casino giant had taken out with Chubb, the Full Court has heard.

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Judge concedes he had no power to jail tour operator for 12 months
Courts 2021-11-08 2:31 pm By Christine Caulfield Melbourne

A judge has admitted in a $2 million false imprisonment lawsuit against him that he had no power to sentence the owner of a Cairns tour company to 12 months in jail for contempt of court.

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ACCC’s witness statement method ‘quite unfair’, says judge hearing cartel case
ACCC 2021-11-05 9:45 pm By Christine Caulfield Melbourne

The ACCC’s practice of successively refining witness statements without saving draft versions was “quite unfair”, says a judge overseeing the competition regulator’s criminal cartel case over a botched ANZ share placement.

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ACCC let JPMorgan lawyers review witness statement in cartel probe, court told
Ann Bonnor 2021-11-04 10:42 pm By Christine Caulfield Melbourne

Lawyers for JPMorgan went to the ACCC’s office to review a draft statement of the investment bank’s then managing director Jeffrey Herbert-Smith, an immunity witness for the competition regulator in its troubled criminal cartel case over an ANZ share placement, a court has heard.

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JPMorgan GC sat in on ACCC interviews despite involvement in alleged cartel, court hears
ACCC 2021-11-03 9:23 pm By Miklos Bolza Sydney

JPMorgan’s general counsel for Australia and New Zealand was allowed to sit in on witness interviews during an ACCC cartel investigation into ANZ’s $2.5 billion share placement despite allegedly being involved in the cartel conduct, a judge has heard.

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Judge slams indictment in cartel case as ‘complete shemozzle’
ACCC 2021-11-03 3:41 pm By Miklos Bolza Sydney

A judge has declined to quash the indictment in a high-profile criminal case over a $2.5 billion ANZ share placement but sent prosecutors back to the drawing board to remedy its defects, calling the state of affairs “a complete shemozzle”.

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Criminal case against NAB over casual employee entitlements should take priority, court told
Alex Manos 2021-10-29 1:56 pm By Bianca Hrovat

The criminal case brought by Victoria’s new employment watchdog against the NAB should take precedence over the bank’s case, which challenges the Wage Inspectorate’s interpretation of the Fair Work Act and has now dragged NSW into the fray, a court has heard.

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Rate-rigging class action pleadings OK’d, more than two years after case filed
Allen & Overy 2021-10-28 3:56 pm By Miklos Bolza Sydney

A judge has given the green light to amended pleadings in a class action accusing major banks of entering a cartel agreement to rig foreign exchange rates, bringing a two-year fight over the pleadings closer to resolution.

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