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ASIC won’t appeal Westpac responsible lending case to High Court
Financial Services 2020-07-22 2:56 pm By Christine Caulfield

ASIC has dropped its fight with Westpac over the bank’s financial assessment of home loan borrowers following political pressure, citing the “challenging economic circumstances”.

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Ashurst partner hit with indemnity costs in Point Piper property feud
Real Estate 2020-07-22 10:26 am By Christine Caulfield

An Ashurst partner in a long-running stoush with his former Family Court judge neighbour over a property in the harbourfront Sydney suburb of Point Piper has been hit with indemnity costs for “unreasonably” pushing his case.

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HWL Ebsworth’s Sydney partners still working from the office
COVID-19 2020-07-20 11:18 pm By Christine Caulfield

The law firm at the centre of a coronavirus outbreak linked to its Melbourne headquarters is still expecting its Sydney partners to work from the office despite warnings from NSW premier Gladys Berejiklian that the state had reached a “critical point”.

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Gilbert + Tobin escapes Sydney businessman Charif Kazal’s ‘incoherent’ claims
Corporate 2020-07-20 10:43 pm By Christine Caulfield

Law firm Gilbert + Tobin has won the dismissal of claims brought by businessmen Charif and Tarek Kazal over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility that a judge said was “fundamentally incoherent”.

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IOOF admits head of research had underlings take his compliance training
Class Actions 2020-07-20 6:09 pm By Christine Caulfield

IOOF has admitted that some allegations in an employee complaint at the centre of a shareholder class action were “substantially true”, including claims that it overstated the performance of its ‘Buy Model’ investment portfolio and that its head of research instructed subordinates to complete his training courses for him.

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Sham contracting class action against Appco close to settling, court told
Class Actions 2020-07-20 2:40 pm By Christine Caulfield

A ‘sham contracting’ class action against fundraiser Appco, said to be worth $90 million, could be settled in two weeks, the lawyer for the lead applicant told a judge on Monday.

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Coffee capsule maker Caffitaly appeals ruling invalidating three patents
Intellectual Property 2020-07-20 1:56 pm By Christine Caulfield

Coffee capsule maker Caffitaly is challenging a ruling that revoked three patents at the centre of an intellectual property war with rival One Collective.

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Law firm singled out by Victorian Premier for coronavirus outbreak
COVID-19 2020-07-19 10:48 pm By Christine Caulfield

Victorian Premier Daniel Andrews has singled out a law firm over a coronavirus outbreak linked to its office as he announced the mandatory use of masks and called on Victorians to work from home where possible.

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Mining giant beats back challenge to lost profits claim in dispute over $2.5B WA iron ore mine
Appeals 2020-07-16 5:27 pm By Christine Caulfield

A subsidiary of US mining giant Cleveland-Cliffs has fought back a second bid to quash its counterclaim for lost profits in a contractual dispute over the lucrative Koolyanobbing iron ore mine, with the Western Australia Court of Appeal saying the claim was not “clearly untenable” as argued.

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Thomson Geer raids Dentons’ Brisbane office, picks up 20 lawyers
Business of Law 2020-07-16 5:12 pm By Christine Caulfield

National law firm Thomson Geer has effectively gutted the Brisbane office of global firm Dentons’, luring five key partners and their teams to beef up its real estate, banking and restructuring practices.

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