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The judgment in ASIC's case against Star's top executives and directors sounds a warning that board members need to proactively test information and serves as a "stark reminder" to general counsel that their duties are owed to the company, not management, experts tell Lawyerly.
The gender pay gap remains a sore spot for IP boutiques and one major US-based litigation firm, according to data released by the Workplace Gender Equality Agency.
Construction PRO
A judge has struck out sections of natural gas exporter Australia Pacific LNG’s defence in Tri-Star’s long-running case over coal seam gas fields in Queensland, which centres on a $7.6 billion share sale to ConocoPhillips.
Construction PRO
Dexus has halved the number of documents it claims are shielded by legal privilege from production to fellow owners of airport operator APAC ahead of trial over an alleged breach of a shareholder deed, a court heard Monday.
Japanese bank SMBC, which was duped by fraudster Bill Papas to enter into agreements with a Humm subsidiary for assets and receivables that didn't exist, has won the right to call in warranties on its $113.7 million investment.
Construction PRO
A leading construction and infrastructure lawyer with major projects and disputes experience will head up Jones Day's Sydney office as one of the firm's new partners-in-charge.
Class action lawyers are expecting to see an increase in consumer and privacy cases this year, as well as a reinvigoration of shareholder litigation following a string of prominent losses, and many are counting on the High Court to clarify legal questions hanging over plaintiffs.
One of the country's leading class action lawyers has left Jones Day for Thomson Geer, the third litigation partner to depart the US-based firm in recent months.
A judge has allowed a shareholder class action over the collapse of asset manager Blue Sky to bring insider trading claims against several short sellers, as well as brokers Credit Suisse and Argonaut Securities.
Gilbert + Tobin has poached a litigation partner from Jones Day, strengthening the law firm's blue ribbon disputes practice.