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Class action filings down as lawyers wait for High Court clarity
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.
ASIC secures another ban of MWL Financial adviser
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
Richard Crookes sues consultant Jenson Hughes over combustible cladding
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.
‘Trap’ calls in IP disputes should not be made by lawyers, judge says
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.
New criminal offence for modern slavery failures by big companies
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.
‘Not up for grabs’: PM vows copyright laws will protect against AI ‘theft’
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
APAC says default notice valid at least against Dexus selling shareholders
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.
Star’s ex-boss, GC appeal $1.1M penalties over money laundering risks
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
New AI office to streamline approvals for data centre investment
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.
New office to create national AI framework, streamline data centre approval
The Albanese government will announce plans Wednesday for a new office that will put an end to fragmented decision-making on AI.