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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.
A former MWL Financial adviser has been banned for three years for advising clients to invest most of their super in risky classes of the Shield Master Fund, after ASIC agreed to a reduction in the suspension in proceedings before the ART.
Construction PRO
Facing a lawsuit over cladding by the owners corporation of a $66 million Erskineville, Sydney apartment complex, builder Richard Crookes has brought its own claims against fire safety consultant Jenson Hughes.
So-called trap calls to suspected intellectual property violators should not be made by solicitors, a judge has said, referring to two phone calls by a lawyer acting for a Queensland pool company in a trade mark dispute.
A new criminal offence against companies that fail to address modern slavery by suppliers is on the table as part of reforms by the Albanese government to strengthen forced labour laws.
In announcing the establishment of a federal AI office, prime minister Anthony Albanese on Wednesday warned artificial intelligence companies that Australia's creative work was not "up for grabs".
Construction PRO
Airport operator APAC says a default notice sent to Dexus over confidentiality breaches is at least valid against shareholders that initiated a botched sales process, hedging its bets in an appeal of a ruling that forces a sale of the asset manager's entire stake.
The former CEO and chief legal officer of Star Entertainment are challenging a judge's orders that they pay a combined $1.1 million for failures in connection with anti-money laundering compliance.
Construction PRO
The Albanese government will announce plans Wednesday for a new office that will put an end to fragmented decision-making on AI, including over data centre approvals.
The Albanese government will announce plans Wednesday for a new office that will put an end to fragmented decision-making on AI.