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Diversity, merit not at odds, say backers of Vic Bar constitutional amendments
Business of Law 2023-10-09 11:08 pm By Christine Caulfield

Diversity and merit are not mutually exclusive, say supporters of changes to the rules governing barristers in Victoria, which will add to the Bar’s stated aims fostering inclusiveness and preventing discrimination.

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Solicitor closed law firm to dodge barrister’s fees, tribunal hears
Legal Ethics 2023-10-05 11:52 pm By Christine Caulfield

A solicitor has been found guilty of professional misconduct for shuttering his law practice to avoid paying a barrister’s $137,000 bill and for repeatedly failing to respond to the legal watchdog’s subsequent requests for information.

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AMP agrees to talks in BOLR class action despite appeal
Financial Services 2023-10-04 3:19 pm By Christine Caulfield

AMP and a group of financial advisers in a class action over changes to the firm’s buyer of last resort policy have agreed to another round of mediation, even as the wealth manager appeals a judge’s liability finding.

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Slater & Gordon personal injury specialist to take helm as CEO
Business of Law 2023-10-03 11:34 pm By Christine Caulfield

Slater and Gordon’s chief client officer will take the reins as boss following the retirement of John Somerville, the executive brought in from KPMG five years ago to remake the plaintiffs law firm.

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‘Giant of the court’ calls for judicial appointments commission
Courts 2023-09-27 11:41 pm By Christine Caulfield

A retiring judge whose career has included oversight of some of Victoria’s biggest cases has called for reforms to the judicial appointments process to address delays in filling vacancies and gaps in the due diligence of nominees to the court.

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AMP appeals financial advisers’ win in BOLR class action
Appeals 2023-09-27 11:06 pm By Christine Caulfield

AMP has appealed its loss in a class action over changes to its buyer of last resort policy, under which the wealth manager slashed the amount it would pay financial advisers for their books of business.

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BlueScope appeals ACCC win in case over attempted price fixing
Appeals 2023-09-25 11:20 pm By Christine Caulfield

BlueScope Steel is challenging a ruling that it pay a record $57.5 million penalty for engaging in attempted price fixing with flat steel distributors.

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Care A2 Plus launches cross-claim in $200M dispute with US distributor
Competition & Consumer Protection 2023-09-21 11:10 pm By Christine Caulfield

The rancour is rising between Care A2 Plus and its US business partner Gensco Pharma, with the infant formula company firing off a cross-claim in a lawsuit alleging it breached a lucrative distribution deal.

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ASIC takes Kraken crypto exchange operator to court
Cryptocurrency 2023-09-21 1:29 pm By Christine Caulfield

The corporate regulator has brought proceedings against the Australian arm of Kraken Crypto Exchange, alleging it breached design and distribution obligations for a margin trading product that has lost customers almost $13 million.

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Record-low GCO rate in Star class action not loss-leading pricing, judge says
Class Actions 2023-09-20 11:33 pm By Christine Caulfield

The winning, 14 per cent contingency fee proposal by Slater & Gordon in a fight to run a class action against Star Entertainment was not driven by a desire to prevail in the contest and buy market share but was the product of a “reasoned decision” that took into account the law firm’s practice as a whole, a judge has found.

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