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Funder wants Full Court to throw out landmark class action ruling
Class Actions 2021-08-04 2:38 pm By Cat Fredenburgh

The funder backing a class action accusing two energy generators of gaming Queensland’s energy prices wants the Full Court to find the landmark Brookfield Multiplex ruling, which held that a litigation funding arrangement for a class action was a managed investment scheme, was wrongly decided.

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Gilbert + Tobin guides Afterpay on ‘transformational’ $39B Square deal
Corporate 2021-08-02 3:51 pm By Cindy Cameronne

Australian law firm Gilbert + Tobin has advised fintech Afterpay on the largest public acquisition in Australian history under which US-based Square will acquire all of the company’s issued shares in a landmark $39 billion deal.

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ASIC wins bad advice case against IOOF unit RI Advice
Financial Services 2021-08-02 10:30 am By Cindy Cameronne

The Australian Securities and Investments Commission has won its case against IOOF unit RI Advice, with a judge finding the financial services firm failed to ensure its advisers acted in the best interests of clients and did not give inappropriate advice.

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ACCC appeals ruling throwing out ‘fanciful’ NSW Ports competition case
Competition & Consumer Protection 2021-07-27 7:05 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has appealed a judge’s decision throwing out its competition case over an agreement for the privatisation of two NSW ports, calling the case “a matter of significance for the Australian economy”.

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‘The only viable path back to normal’: Law firms make push to vaccinate staff
COVID-19 2021-07-27 5:41 pm By Bianca Hrovat

While employers cannot force employees to get a COVID-19 vaccine, law firms are launching campaigns to encourage staff to sign up for the jab.

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Minetek can’t inspect USB devices for potential lawsuit against ex-employee, court rules
Intellectual Property 2021-07-22 10:04 pm By Cindy Cameronne

Global mine technology company Minetek has lost its bid to access USB devices held by equipment manufacturer Howden’s solicitors for use in a potential lawsuit against a former employee who it says may have unlawfully used confidential company information.

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Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
Financial Services 2021-07-22 9:35 pm By Christine Caulfield

Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, a penalty that took into account the Big Four bank’s massive profits.

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Judge lashes ACCC’s Port of Newcastle case as ‘far-fetched and fanciful’
Competition & Consumer Protection 2021-07-20 10:54 pm By Christine Caulfield

The ACCC’s claim that NSW Ports stymied competition when it signed a 50-year agreement with the state to be compensated if the Port of Newcastle built a container terminal was based on “mere speculative hopes”, a judge found in tossing the competition watchdog’s regulatory action.

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SPC appeals $1.2M judgment related to $40M Coca-Cola Amatil deal
Intellectual Property 2021-07-19 5:31 pm By Miklos Bolza

Melbourne-based joint venture Shepparton Partners Collective has appealed a $1.2 million judgment which found it infringed software developer QAD’s copyright by failing to pay a transfer fee to retain the licence after it acquired the iconic SPC Ardmona cannery in Victoria from Coca-Cola Amatil for $40 million.

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Minetek wants lawyers to hand over USB devices as its mulls lawsuit against ex-employee
Emma Bathurst 2021-07-15 6:47 pm By Cindy Cameronne

Global mine technology company Minetek is considering a lawsuit against a former employee who may have unlawfully used confidential company information, a court has heard.

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