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Baker McKenzie dragged into lawsuit over Armour takeover
Corporate 2024-05-21 2:51 pm By Sam Matthews

Baker McKenzie has been dragged into a court case brought by a shareholder and creditor of failed energy company Armour Group, which alleges the law firm was knowingly involved in a plan by China-based Shunkang Group to take control of the company for cheap.

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Vic Supreme Court can’t prefer own state’s policy in class action transfer bid, High Court told
Class Actions 2024-05-21 11:08 pm By Sam Matthews

Supporting KPMG’s bid to move a class action over the collapse of Arrium from Melboure to Sydney, former directors of the failed steel company have told the High Court the Victoria Supreme Court was impermissibly preferring the policy of its state in finding a contingency fee order made in the case could be factored into a transfer application.

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Medibank CEO takes stand to shield Deloitte reports from class action
Privacy & Cybersecurity 2024-05-20 11:38 pm By Sam Matthews

Medibank CEO David Koczkar has taken the stand to help defeat a class actionā€™s bid to uncover several reports, including three by Deloitte, commissioned in the wake of a massive data breach, which the health insurer argues are privileged.

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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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With constitutional issue on cards, Full High Court to hear KPMG’s class action transfer push
Class Actions 2024-05-02 11:41 pm By Sam Matthews

The Full High Court will sit for the hearing of KPMGā€™s battle to transfer a Victoria class action to Sydney, as the applicant in the case raises a question as to the constitutional validity of the firm’s argument that the NSW Supreme Court is bound to keep a group costs order operative.Ā 

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Jones Day beefs up financial markets practice in Australia
Corporate 2024-04-23 1:35 pm By Andy Sidler

Jones Day is growing its domestic financial markets team with the recruitment of a partner from Baker McKenzie and the transfer of a 17-year veteran from the firmā€™s London office.

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Aussie Broadband’s case for injunction against Superloop ‘very weak’: judge
Securities 2024-04-04 10:38 pm By Sam Matthews

A judge has rejected Aussie Broadbandā€™s bid to restrain internet service provider Superloop from acting on a sell order issued last month, calling the argument that Superloop issued the order for an improper purpose ā€œa very weakā€ one.Ā 

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Finance partner joins Dentons from Baker McKenzie
Financial Services 2024-04-02 11:43 pm By Christine Caulfield

Dentons continues to grow its ranks with the recruitment of banking and finance partner, Yechiel Belfer, from Baker McKenzie.

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Aussie Broadband challenges Superloop sell order amid takeover fight
Telecommunications 2024-03-20 4:19 pm By Sam Matthews

Aussie Broadband is seeking to set aside a notice from the board of internet service provider Superloop directing it to sell down its 19.9 shareholding in the company, arguing the sell order was made for an improper purpose amid a ā€œcontested takeover battleā€ between the companies.Ā 

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Clayton Utz snags practice group head from Baker McKenzie
Business of Law 2024-03-15 10:54 pm By Christine Caulfield

Clayton Utz has snagged a big fish from Baker McKenzie, luring the head of the US firm’s restructuring and insolvency practice group.

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