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Construction PRO
A seasoned energy lawyer who cut his teeth at Norton Rose Australia and US firm Skadden Arps has been appointed general counsel at Firmus, as the AI data centre start-up preps for a $7 billion public float later this year.
Advocating a "sterner" approach to litigants' use of artificial intelligence, a judge has put ChatGPT to the test with a judgment of his own. And the grade? An F.
In the six years since Victoria introduced a contingency fee regime, close to $200 million has been paid out to class action law firms. And with the Supreme Court soon to hear applications for approval of three more settlements, one firm is set to earn the highest payout to date.
Construction PRO
Queensland-based NextDC is facing a lawsuit from an enterprise account manager who alleges the data centre giant shortchanged him on commissions for contracts at its Melbourne and Sydney data centres.
The Allan Government has unveiled plans that would make it easier to sue AI and social media companies over harms to children, while also announcing a crackdown on the use of AI and employee surveillance in the workplace.
Construction PRO
Australian private equity firm Next Capital has inked a deal to acquire Fujitsu's Australian data centre business, which includes premium facilities in Sydney, Brisbane, Melbourne and Perth.
The federal government plans to introduce a digital duty of care for artificial intelligence companies as part of five AI safety priories that form part of its national strategy to regulate the new technology.
The owner of the Oaks Hotels & Resorts is facing a class action by landlords who allege the hotel operator misrepresented that it was entitled to reduced rent payments during the COVID-19 pandemic.
Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.
The number of new class actions this year is on track to be the lowest in 10 years as plaintiff firms wait to see which way the High Court will lean in a crucial shareholder case and funders redeploy capital to nascent class action jurisdictions.