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The ruling by the Full Federal Court that funded class actions are not managed investment schemes marks the end of an ill-considered regime enacted by the Morrison government to rein in class actions, but the debate over regulation of litigation funders is not over yet.
In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.
Insurer Allianz has pleaded guilty to six charges of making false or misleading statements online about the scope of cover under its travel insurance.
NSW man Benjamin Cooper has pleaded guilty to manipulating the share price of Nova Minerals in a conspiracy that involved the gold ore mining company's former CEO.
Gilbert + Tobin has wooed a corporate partner from Squire Patton Boggs with significant experience advising on transactions involving heavy hitters in the natural resources sector, including working on a US$15.2 billion rights issue by Rio Tinto.
Mills Oakley has poached a leading employment law partner from King & Wood Mallesons for its growing workplace relations team.
The Australian Securities and Investments Commission has sued Queensland-based Sunshine Loans for allegedly charging over $320,000 in prohibited fees.
Big six firm Allens has bolstered the ranks of its employment and safety practice with the recruitment of partner Samantha Betzien from MinterEllison.
Top tier law firm King & Wood Mallesons has lured leading competition lawyer Luke Woodward to bolster its regulatory practice.
New federal Attorney-General Mark Dreyfus QC has been welcomed by the nation’s leading legal bodies on the first day of his second term as the top law officer, as he hinted at plans to establish a national anti-corruption commission.