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Clyde & Co asks six partners to leave, will introduce salaried role
Global insurance law firm Clyde & Co has shown six of its partners in Australia the door and will create a new salaried partner position to cope with high competition in insurance law, with the partnership having decreased by a third in the last 18 months.
SkyCity hit with $67M penalty in AUSTRAC case
A judge has ordered SkyCity to pay a $67 million penalty in AUSTRAC’s case alleging it allowed $4 billion in suspicious transactions, finding it was an "appropriate" sum, even when compared with the $450 million fine handed to Crown last July.
Climate activist firm takes NAB to court
A law firm that has gone after major banks and the federal government over their climate exposure has trained its sight on the National Australia Bank.
Barry Nilsson failed to alert client until costs were 5x original estimate, lawsuit says
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.
Monster Energy settles trade mark fight with PepsiCo over popular snack food
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
Net-a-Porter loses challenge to The Iconic’s ‘Considered’ trade mark
The Iconic has defeated a challenge to the online fashion retailer's application to trade mark ‘Considered’ 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.
Founders of streetwear retailer City Beach win $52M fight with ATO
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.
Late tweaks to funding bids to be ‘held against’ firms in IC Markets beauty parade
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 “holding position” on their funding proposals and attempt to negotiate their bids down later.
SkyCity Adelaide to get High Court hearing in tax fight with SA treasurer
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.
Class action against BHP can amend shareholder group after ‘inadvertent mistake’
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.