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Ashurst doubles bonus pool to reward staff for strong pandemic performance
Business of Law 2021-04-01 10:44 pm By Cat Fredenburgh

Ashurst has become the second Big Six firm to up its bonus game to reward staff for the firm’s strong performance during the coronavirus pandemic, doubling its bonus pool for the year and promising staff a one-time Ā£1,000 special reward.

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Litigation funder not on hook for costs in failed Airservices class action
Class Actions 2021-03-31 3:01 pm By Christine Caulfield

The litigation funder that backed a dismissed employment class action against aviation service provider Airservices Australia has successfully argued that it should not bear the company’s costs of defending the case

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Private equity firm entitled to interest in $6M spat with ex-Atrum Coal boss, court says
Energy & Natural Resources 2021-03-25 5:40 pm By Miklos Bolza

Three units of Hong Kong private equity group Argonaut have successfully defended an appeal by former Atrum Coal director Russell Moran who was ordered to repay $6 million plus interest after defaulting on a loan he had “no capacity” to repay.

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KPMG can’t delay defence in Arrium class action
Accounting 2021-03-24 1:37 pm By Christine Caulfield

A bid by KPMG to push off the filing of its defence in a class action over misleading statements ahead of Arrium’s $754 million capital raising in 2014 has been shot down by a judge, who said the auditor has known the claims against it since November.

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‘I donā€™t go to court, Iā€™m the boss’: Lawyer suing Daily Telegraph says poor hearing didn’t affect court attendance
Defamation 2021-03-17 4:31 pm By Cindy Cameronne

A Sydney criminal lawyer who alleges two Daily Telegraph articles defamed him by implying he was too old and deaf to represent clients has told a judge he doesn’t attend court much because he’s the “boss” at his law firm, not because he has suffered hearing loss.Ā 

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ASIC says auditors weren’t required to school iSignthis on disclosure obligations
Financial Services 2021-03-16 10:17 pm By Cat Fredenburgh

ASIC has fired back at iSignthis’ defence to the regulator’s claims that it violated the Corporations Act by not disclosing $3 million in one-off revenue related to integration agreements, saying it was not the job of its compliance officials to school the fintech on its disclosure obligations.

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Ashurst poaches Clayton Utz partner to lead disputes team
People In The News 2021-03-15 7:02 pm By Cindy Cameronne

Ashurst has snagged a long-time commercial litigation partner from Clayton Utz as part of a planned ā€œmajor expansionā€ of its disputes team.

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Woolworths can include details of ‘no cost’ pay review in class action notice
Employment 2021-03-12 5:33 pm By Miklos Bolza

A judge has allowed Woolworths to include details of its internal pay review processes in an opt out notice to be sent to disgruntled current and former employees who have launched a class action against the supermarket giant.

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Peloton files lawsuit over rival’s ‘spinning’ trade mark ahead of launch in Australia
Intellectual Property 2021-03-11 1:19 pm By Cat Fredenburgh

The company behind the Peloton interactive exercise bike, which has amassed a cult following in the US during the coronavirus pandemic, has taken legal action against a California-based fitness company seeking the removal of its ‘spinning’ trade mark ahead of Peloton’s planned launch in Australia.

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iSignthis says disclosing end of Visa relationship would not have affected share price
Financial Services 2021-03-04 4:07 pm By Spencer Fowler Steen

Fintech company iSignthis has struck back at allegations by the Australian Securities and Investments Commission that it breached its continuous disclosure obligations by failing to inform shareholders that Visa was ending its relationship, saying the disclosure would not have affected its share price.

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