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ASIC wins orders freezing assets of Keystone Asset Management fund
ASIC 2024-06-19 11:47 pm By Andy Sidler

ASIC has secured freezing orders over the assets of an investment fund managed by Keystone Asset Management, with a court also ordering a Keystone director to surrender his passport amid an investigation by the corporate regulator. 

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EnergyAustralia to amend defence as date set for greenwashing trial over carbon neutral claims
Energy & Natural Resources 2024-06-19 2:24 pm By Christine Caulfield

Trial has been set for next May in a case by Australian parents that accuses EnergyAustralia of engaging in misleading conduct in promoting a “carbon neutral” program, a case that puts carbon offset credits under scrutiny.

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AI may breed laziness among lawyers, top NSW judge warns
AI 2024-06-18 10:59 pm By Sam Matthews

The top judge of the NSW Supreme Court has issued a warning over the use of artificial intelligence by practitioners, saying the technology may “encourage or feed laziness in research and analysis”.

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Callide power station administrators to blame for delays to DOCA, judge says
Energy & Natural Resources 2024-06-18 4:06 pm By Cindy Cameronne

A judge has rejected claims that an investor in the Callide power station, which suffered a major failure in 2021, was responsible for delays in the administration of the station’s operator IG Power, saying the administrators’ ten month delay in investigating the incident was to blame.

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McCullough Robertson lures construction partner from HWL Ebsworth
Business of Law 2024-06-18 10:09 pm By Andy Sidler

McCullough Robertson has snagged a partner from HWL Ebsworth to join the firm’s construction and infrastructure team in Sydney.

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MinterEllison advice in spotlight in ASIC case against Dixon Advisory director
Trials 2024-06-17 11:09 pm By Cindy Cameronne

Trial in ASIC’s action accusing former Dixon Advisory director Paul Ryan of breaching his duties began Monday, a case that puts the spotlight on legal advice over a deed that affected the wealth management firm’s capacity to recoup a $19 million debt on the eve of its collapse.

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Climate investment firm Wollemi beats Tesla CEO’s trade mark opposition
Intellectual Property 2024-06-17 11:54 pm By Cat Fredenburgh

CBA-backed climate venture capital firm Wollemi has defeated a challenge by Tesla CEO Robyn Denholm’s family office to registering its name as a trade mark, with a delegate finding the family’s private investment vehicle of the same name did not use the mark in trade or commerce.

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Westpac wins orders keeping lid on lawsuit, citing threat to settlement negotiations
Employment 2024-06-17 11:38 pm By Christine Caulfield

Westpac has secured confidentiality orders blocking the release of details of an adverse action case by its former head of strategy, after arguing that publicity would hamper settlement talks and force it to defend itself in the media.

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Mattress company Sleeping Duck prevails in shareholder’s oppression lawsuit
Retail 2024-06-17 3:22 pm By Christine Caulfield

Sleeping Duck has defeated a minority shareholder’s case accusing it of engaging in oppression, with a judge rejecting claims the mattress company’s two founders diluted the shareholder’s interest and rejected commercially unreasonable offers to sell.

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Elanco loses appeal in animal drug patent spat with Abbey Laboratories
Intellectual Property 2024-06-17 11:07 pm By Sam Matthews

Elanco Australasia has lost its bid to appeal a finding by IP Australia that a patent acquired from Bayer covering a lice treatment for livestock lacked an inventive step.

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