Business of Law
King & Wood Mallesons to split China, Australia operations
King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair's merger created one of the world's largest global law firms.
Tax
Judge grills Melbourne Rebels directors on ‘startling’ inability to explain tax case
A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.
Healthcare
Mayne says Cosette did not validly terminate merger
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Save (0) Please login to bookmark Close Username or Email Address Password Remember Me altSetting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive…
Class Actions
7-Eleven class action members challenge settlement payout
Four group members in a franchisee class action against 7-Eleven that settled for $98 million in 2022 are seeking court review of the amounts they were awarded under the settlement scheme.
Business of Law
Gilbert + Tobin bolsters disputes practice with partner from Jones Day
Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Gilbert + Tobin has strengthened its blue ribbon disputes practice by poaching a litigation partner from Jones Day. Holly Sara joins the firm’s disputes and investigations team…
Tax
ATO scolded for ‘tax now, ask questions later’ pursuit of Kupang director’s debt
A judge has found the ATO knowingly received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him, with a judge skewering the tax office for instituting a “policy of wilful blindness” in pursuit of the debt.
ASIC
ASIC sues super trustee over $300M investment in First Guardian fund
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital's failed First Guardian Master fund.
Financial Services
Commonwealth Bank pays record penalty over consumer data sharing failures
The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers.
Class Actions
Judge rejects notice that KFC class action said would ‘blow up’ settlement talks
A judge has refused a bid by several KFC franchise owners to send a notice encouraging group members register for an underpayments class action prior to mediation, which the applicant argued would “blow up” settlement talks.
Employment
JLL manager admitted harassment ‘morally unacceptable’, defence says
Commercial real estate group JLL has hit back at a case by a former CEO who says he was sacked over his handling of a harassment complaint against a manager, arguing the manager admitted his behaviour was “completely unacceptable”.
