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$2.5M in damages sought in ‘Love Is In The Air’ copyright suit
Intellectual Property 2022-03-01 4:06 pm By Miklos Bolza

The holder of the licence for ‘Love Is In The Air’ is seeking $2.5 million in damages from Oregon electronic music duo Glass Candy for infringing the copyright for the 1970s disco hit, despite a judge dismissing most claims for damages against the pair.

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PwC Australia picks up Greenwoods & Herbert Smith Freehills
Tax 2022-03-01 9:21 pm By Sam Matthews

A new taxation super-group is on the horizon, with leading tax advisory firm Greenwoods set to join the ranks of PwC Australia’s financial advisory business in the midyear, amid a “war for talent” in the sector. 

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ASIC drops most claims against Rio Tinto over $5.8B acquisition
Securities 2022-02-28 1:31 pm By Miklos Bolza

The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled $5.8 billion acquisition of a Mozambique coal mining business and abandoned all claims against the mining giant’s former CEO and CFO.

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‘Inconceivable’ Holding Redlich partner did not advise on illegal ALP donation: ICAC
Public Corruption 2022-02-28 11:09 pm By Cat Fredenburgh

The NSW Independent Commission Against Corruption has found Holding Redlich managing partner Ian Robertson’s account of a meeting where he allegedly advised the former NSW Labor general secretary to cover up a $100,000 illegal political donation “inconceivable”, but declined to refer the lawyer for criminal charges or disciplinary action.

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Sailors seek ‘very high figure’ in Navy training class action
Class Actions 2022-02-28 6:38 pm By Bianca Hrovat

The federal government has argued it should not have to pay the “very high figure” former Royal Australian Navy sailors are seeking in compensation for a breached training contract that allegedly saw them denied a higher rate of pay.

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Viterra hit with $124M in interest on top of $168.9M in damages owed to Cargill
Competition & Consumer Protection 2022-02-28 5:54 pm By Sam Matthews

Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.

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Government rejects duty of care owed in latest climate change class action
Climate change 2022-02-28 4:35 pm By Miklos Bolza

The Morrison government has rejected class action claims that it owes a duty of care to Torres Strait Islanders to protect them against the negative effects of climate change, claiming the alleged duty cannot apply to high level government policy.

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Ten denies Peter van Onselen harassed journalist on Twitter
Employment 2022-02-28 9:52 pm By Miklos Bolza

Network Ten has denied claims that high profile political reporter Peter van Onselen harassed, ignored and humiliated journalist Tegan George.

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ATO wins urgent orders freezing $220M from State Grid sale of AusNet shares
Tax 2022-02-28 10:51 pm By Christine Caulfield

The ATO has secured freezing orders on $220 million in capital gains tax arising from the $19 billion private equity sale by China’s State Grid of its substantial shareholding in energy infrastructure giant AusNet.

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Herbert Smith Freehills nabs financial services pros from Minter Ellison
Business of Law 2022-02-28 5:24 pm By Bianca Hrovat

Law firm Herbert Smith Freehills has strengthened its financial services practice by luring two seasoned partners from Minter Ellison.

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