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Innovation patents phase out: What you need to know
Expert Insights 2019-08-07 9:54 pm By Editor

The Australian federal government’s proposed legislation to abolish the innovation patent system, Australia’s second tier patent system, was introduced into parliament on July 25. Here, Griffith Hack’s Dr Malcolm Lyons and Dr Justin Sweetman tell you what you need to know about the Intellectual Property Laws Amendment (Productivity Commission Response Part 2 and Other Measures) Bill 2019.

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Docs seized in AFP raid of convicted land mogul’s offices can be handed to liquidators
Restructuring & Insolvency 2019-08-07 8:25 pm By Miklos Bolza

The Full Federal Court has dismissed two appeals by convicted land mogul Allen Caratti seeking to prevent liquidators of five of his companies from obtaining documents seized in two 2015 raids by the Australian Federal Police.

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Class action alleges Cosmetic Institute director was mastermind behind ‘one size fits all’ breast surgery
Class Actions 2019-08-07 8:11 pm By Amelia Birnie

The plaintiffs in The Cosmetic Institute class action over allegedly botched breast implants will argue a former director of the company was the mastermind behind the ‘one size fits all’ business model, after the business went into liquidation and stopped participating in litigation.

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High Court upholds sacking of public servant over tweets
Employment 2019-08-07 5:13 pm By Amelia Birnie

The High Court has unanimously upheld the validity of the Australian Public Service code of conduct, after a former public servant mounted a freedom of speech challenge after being sacked for anonymously tweeting thousands of critical comments about government immigration policy and members of parliament.

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NAB, ex-Walton Construction exec may face $70M suit by special purpose liquidator
Restructuring & Insolvency 2019-08-07 3:30 pm By Miklos Bolza

National Australia Bank and the director of the collapsed Walton Construction face a possible lawsuit over more than $70 million in claims after the Federal Court gave the greenlight to the appointment of a special purpose liquidator to pursue the case.

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Ex-Reinventure partner must have independent valuer assess her claim to cut of $100M
Financial Services 2019-08-07 3:09 pm By Miklos Bolza

The former partner of Westpac-backed venture capital firm Reinventure Group has been ordered to appoint an independent valuer to clarify the claimed loss against her former employer before the parties enter mediation.

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Tax dodging Sydney silk loses bid for readmission as a lawyer
Legal Ethics 2019-08-06 9:27 pm By Christine Caulfield

A Sydney-based former senior counsel, who failed to pay income tax for 16 years, has lost his appeal of a decision blocking his readmission as a lawyer, 14 years after he was struck off the roll.

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$6M Bank of Queensland class action settlement one claim under insurance policy, appeals court says
Insurance 2019-08-06 9:19 pm By Miklos Bolza

An appeals court has found insurers AIG Australia and Catlin Australia have to cover part of a $6 million settlement agreed to by Bank of Queensland last year in a class action brought by investors in a multimillion dollar Ponzi scheme by jailed fraudster Bradley Sherwin.

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‘Nothing more than a witch hunt’: Clive Palmer agrees to multimillion dollar Queensland Nickel settlement
Restructuring & Insolvency 2019-08-06 8:20 pm By Amelia Birnie

Mining magnate Clive Palmer says he feels “vindicated” after reaching a multimillion dollar settlement that resolves the majority of claims brought against him following the $200 million collapse of his company Queensland Nickel in 2016.

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Judge approves walkaway settlement in St Patrick’s Day bushfire class action
Class Actions 2019-08-06 6:50 pm By Amelia Birnie

A judge has signed off on the walkaway settlement reached in one of four St Patrick’s Day bushfire class actions filed by Maddens Lawyers, noting that the plaintiff faced a “very real risk of not succeeding” in some of its primary claims.

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