Controversial legislation advanced by the Morrison government that will weaken the country’s continuous disclosure laws and make it harder to bring shareholder class actions has cleared the Senate.
A high roller with a severe gambling addiction has taken Crown Melbourne to court, alleging the casino’s “predatory” practices caused him to lose more than $4.5 million over three and a half years.
Mining company TerraCom has asked a court to rule on the privilege status of a report by PriceWaterhouseCoopers, produced in reponse to “serious allegations” by a former employee over the falsification of coal quality results.
Law firm Hall & Wilcox has snagged a new partner from Norton Rose Fulbright to join its construction and project disputes team, as part of an ambitious national growth strategy.
Former Attorney-General Christian Porter has succeeded in scrubbing from the court record the ABC’s full defence in his now-settled defamation suit against the broadcaster, over the protests of media outlets, with a judge finding the principle of open justice was “not absolute”.
Brick by brick, the claim that funded class actions are the primary driver of rising directors’ liability insurance premiums is being dismantled. Even more precarious is the claim that the Commonwealth government’s continuous disclosure reforms are the answer and will result in enormous savings for Australian business, says Omni Bridgeway managing director and CEO Andrew Saker.
US law firm White & Case has bolstered its presence in the Asia-Pacific region with the appointment of international arbitration lawyer Lee Carroll as a partner in Melbourne.
A leading silk who has been representing Crown Resorts in royal commission and class action proceedings, as well as ASIC in its high-stakes insider trading case against Westpac, has been elevated to the Victoria Supreme Court.
Two months after snagging one of Perth’s top energy litigators from Quinn Emanuel Urquhart & Sullivan, global law firm Jones Day has lured another four lawyers from its US rival for the disputes team in Australia.
Former NSW Labor Ministers Ian Macdonald and Eddie Obeid as well as Obeid’s son, Moses, will remain out of jail for now after a NSW Supreme Court judge rejected an application by prosecutors to revoke their bail ahead of an upcoming sentencing hearing.