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HWL Ebsworth says ousted lawyer can’t reap benefits of partnership 4 years after expulsion
Business of Law 2024-05-06 2:23 pm By Cindy Cameronne

HWL Ebsworth has argued a former capital partner who was found to have been invalidly expelled in 2020 cannot claim a share of the law firm’s profits from then to now, saying he could not reap the benefits of partnership without the “burdens”.

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Qantas to pay $120M to settle ACCC’s ‘ghost flights’ case
Competition & Consumer Protection 2024-05-06 8:29 am By Christine Caulfield

Qantas will pay a $100 million penalty and another $20 million in compensation in a settlement of the ACCC’s so-called ghost flights case that includes an admission by the airline that it engaged in misleading and deceptive conduct in selling tickets for cancelled flights.

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ATO’s ‘all or nothing’ approach to key tax law provision rejected by court
Tax 2024-05-06 11:59 am By Sam Matthews

The ATO has lost its appeal of a tribunal decision in favour of Perth land developer Tina Bazzo, with the court rejecting its “all or nothing” approach to a key provision of the Taxation Administration Act.

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London City Equities seeks wind up orders against Excelsior over $101M sale
Corporate 2024-05-06 11:53 pm By Cindy Cameronne

Investment firm London City Equities is seeking to have fellow publicly traded firm Excelsior wound up for alleged shareholder oppression over its decision to sell off a subsidiary for $101 million and not distribute the proceeds.

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Insurers for failed finance lender Axsesstoday settle class action claims
Class Actions 2024-05-06 2:00 pm By Christine Caulfield

A class action against failed asset finance lender Axsesstoday and auditor PricewaterhouseCoopers has reached an in-principle settlement with the lender’s insurers.

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Public housing class action tossed, but judge gives applicant another shot
Class Actions 2024-05-03 4:18 pm By Sam Matthews

A judge has granted the Victorian government’s bid to dismiss a class action over its decision to retire Melbourne’s high-rise public housing towers, but allowed the applicant to recast his claim, despite protests from the state. 

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Qoin crypto issuer made misleading statements, court finds in win for ASIC
Cryptocurrency 2024-05-03 11:15 pm By Cindy Cameronne

A court has found Qoin cryptocurrency issuer BPS Financial made false and misleading claims about its product, in a win for the corporate regulator and a likely boost for a class action against the Gold Coast-based digital currency company.

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Judge questions ‘independent skill and judgment’ in third class action against IC Markets
Class Actions 2024-05-03 3:54 pm By Sam Matthews

A judge has questioned the “independent skill and judgment” applied to the pleading in a third class action filed against International Capital Markets over risky derivative products, amid a “hot contest as to carriage and forum”.

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Judge ‘outraged’ over NSW Police’s delays in strip search class action
Class Actions 2024-05-03 4:10 pm By Cindy Cameronne

A judge hearing a class action against the New South Wales government and police commissioner over allegedly illegal strip searches at music festivals has criticised the state for failing to comply with court orders on time. 

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7-Eleven defeats Seven Network’s opposition to ‘7-Select’ trade mark
Intellectual Property 2024-05-03 11:51 pm By Andy Sidler

Convenience chain 7-Eleven has defeated Seven Network’s challenge to its bid to trade mark ‘7-Select’ for a new brand of products targeting younger shoppers, with an IP Australia delegate finding consumer confusion was not likely.

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