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Gilbert + Tobin appoints former Pinsent Masons partner for energy team
Energy & Natural Resources 2023-12-11 11:37 pm By Christine Caulfield

Former Pinsent Masons lawyer George Varma has been recruited to Gilbert + Tobin’s energy and resources team, marking the second lateral hire for the firm’s Perth office this financial year.

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Australia Post to pay $2.9M compensation for lost or damaged parcels
Competition & Consumer Protection 2023-12-19 11:25 pm By Christine Caulfield

Australia Post has agreed to compensate business for lost or damaged parcels after admitting it likely engaged in misleading or deceptive conduct when it refused claims for compensation.

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ANZ hit with $900,000 penalty for share placement disclosure failures
Securities 2023-12-08 3:38 pm By Christine Caulfield

ANZ’s failure to disclose a bailout by banks underwriting a $2.5 billion share placement has resulted in a penalty of less than $1 million, ending an eight-year saga that included an aborted criminal trial.

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Union launches class action against McDonald’s over unpaid work
Class Actions 2023-12-07 3:39 pm By Christine Caulfield

After losing its argument that class actions are excluded under the Fair Work Act, the union representing fast food workers has filed a class action of its own, alleging McDonald’s denied shift managers compensation for pre- and post-shift work.

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Dick Smith CFO stuck with $57M judgment after High Court revokes special leave
Appeals 2023-12-06 4:54 pm By Christine Caulfield

Former Dick Smith CFO Michael Potts is on the hook for paying $57 million in damages to National Australia Bank after the High Court on Wednesday revoked its grant of special leave, finding he did not raise a legal question of public importance.

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IAG shows GC the door after finding he breached code of conduct
Insurance 2023-12-06 10:21 am By Christine Caulfield

Insurance Australia Group has announced the departure of its group general counsel and company secretary, Peter Horton, for engaging in behaviour it said had “fallen short” of expectations.

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Full Court finally sets date for 7-Eleven class action funder’s CFO fight
Class Actions 2023-12-05 11:45 pm By Christine Caulfield

The date has been set for a hearing in the second case to test the argument that judges lack power to make a common fund order when a class action settles, and the litigation funder challenging the argument can expect a sympathetic ear.

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Squire Patton Boggs recruits former Gilbert + Tobin lawyer for financial services team
Financial Services 2023-12-05 2:49 pm By Christine Caulfield

A former Gilbert + Tobin lawyer with over 20 years’ experience advising clients in finance transactions has joined Squire Patton Boggs’ as a partner in Sydney.

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PwC class action by Axsesstoday bondholders wants to add insurer, 3 years in
Class Actions 2023-12-04 11:29 pm By Christine Caulfield

More than three years after filing a class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers over a $50 million prospectus, the applicant has asked a court to file a new statement of claim that will join insurer Dual Australia to the case.

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Gilbert + Tobin bolsters restructuring practice with Clayton Utz partner hire
Restructuring & Insolvency 2023-12-04 11:55 pm By Christine Caulfield

Gilbert + Tobin has lured partner Orla McCoy from Clayton Utz to co-head the law firm’s leading restructuring and insolvency team, strengthening the practice to over 18 core lawyers.

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