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Barry Nilsson failed to alert client until costs were 5x original estimate, lawsuit says
Business of Law 2024-06-07 11:37 pm By Sam Matthews

Law firm Barry Nilsson has been hit with proceedings by a former client who says was not informed the initial costs estimate of $6,000 provided by the firm had ballooned to $50,000 until her costs exceeded $32,000.

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Monster Energy settles trade mark fight with PepsiCo over popular snack food
Intellectual Property 2024-06-07 12:21 pm By Christine Caulfield

A three-year court battle over PepsiCo’s Monster Munch trade mark has been resolved, with Monster Energy negotiating the removal of some beverage products that would have been covered by the mark.C

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Net-a-Porter loses challenge to The Iconic’s ‘Considered’ trade mark
Intellectual Property 2024-06-07 1:46 pm By Andy Sidler

The Iconic has defeated a challenge to the online fashion retailer’s application to trade mark ā€˜Consideredā€™ for sustainable or ethically sourced products, with IP Australia rejecting Net-a-Porter’s argument that the label has not been used in the sense required under the Trade Marks Act.

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Founders of streetwear retailer City Beach win $52M fight with ATO
Tax 2024-06-07 11:24 pm By Sam Matthews

The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.

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Late tweaks to funding bids to be ā€˜held againstā€™ firms in IC Markets beauty parade
Class Actions 2024-06-06 11:31 pm By Cindy Cameronne

A judge has warned two law firms competing to run a class action against IC Markets over risky contracts-for-difference that it will be held against them if they take a ā€œholding positionā€ on their funding proposals and attempt to negotiate their bids down later.

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SkyCity Adelaide to get High Court hearing in tax fight with SA treasurer
Gaming 2024-06-06 11:08 pm By Christine Caulfield

The High Court has agreed to take up a dispute between SkyCity Adelaide and South Australia’s treasurer over the tax treatment of reward points that gamblers convert to gaming chips.

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Class action against BHP can amend shareholder group after ‘inadvertent mistake’
Class Actions 2024-06-06 1:20 pm By Sam Matthews

The judge overseeing a six-year-old class action against BHP over the collapse of a Brazilian dam has allowed the applicant to retroactively amend the group definition, accepting that a pleading mistake was contrary to the intended class membership in the case.

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Ex-EY partner claims right to silence in ATO case over alleged tax exploitation schemes
Tax 2024-06-06 12:53 pm By Cindy Cameronne

A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.

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PwC director should not have relied on co-worker’s text message in resigning: FWC
Employment 2024-06-06 11:39 pm By Andy Sidler

The Fair Work Commission has found a former PricewaterhouseCoopers director should not have relied solely on a colleague’s text message in deciding to resign while on leave, rejecting her argument that the accounting firm had essentially forced her resignation.

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‘No more indulgence’: Firm that took over class actions can’t redo beauty parade bid
Class Actions 2024-06-06 11:09 pm By Sam Matthews

A judge will not allow a law firm that stepped in to lead class actions against Hyundai and Kia to amend its funding proposal to seek a group costs order ahead of a carriage fight, even though its proposal would have led to greater returns for group members.

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