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The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.
Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal -- and if Australia enters a European-style lockdown it won't be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.
Generic drug maker Juno Pharmaceuticals has agreed to stopped planned sales of its cheap version of Millennium Pharmaceuticals anti-cancer medication Velcade in Australia as part of a settlement of its lawsuit alleging two patents covering the drug were invalid.
HWL Ebsworth is keeping its offices open and requiring lawyers and staff to work at their desks despite updated government health advice, a decision that exposes the law firm to potential liability for workplace health and safety breaches, an employment expert says.
Companies under financial strain from measures to stop the spread of the coronavirus will get a reprieve from insolvency and bankruptcy laws as the Federal Government looks to stem a possible tide of company collapses.
For the lawyers conducting the committal hearings in the criminal cartel case over ANZ's $2.5 billion equity raising, the Sydney Downing Centre courtroom was already too close for comfort.
The Federal Court has updated guidance on its response to the coronavirus outbreak, saying it is working with lawyers to ensure as many hearings listed for the coming months can proceed. And Monday's calendar, while perhaps lighter than usual, shows multiple matters will be heard as planned -- by telephone.
Fairfax Media has failed in its appeal of a judgment that found the publisher defamed Chinese-Australian businessman Dr Chau Chak Wing in a Sydney Morning Herald article that linked him to an international bribery scandal.
Billionaire Clive Palmer has lost his appeals court fight to shut down criminal proceedings alleging his resort company breached takeover laws, with three judges saying his claims were untenable.
The move by Australia's highest courts to vacate in-person hearings in the face of the coronavirus pandemic is likely to have only a minor impact on cases in the short term, lawyers say, but the delays to trials and other major hearings will have a flow-on effect that could be felt for years to come.