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MLC ordered to pay $10M penalty for ‘serious failure’
Insurance 2023-05-18 1:35 pm By Sam Matthews

A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.

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Victorian Bar to poll members on endorsing Voice to Parliament
Policy and Regulation 2023-05-18 4:50 pm By Sam Matthews

A group of Victorian barristers says the Bar has a responsibility to make a public statement backing the proposed Voice to Parliament, while others have questioned the “propriety” of speaking out, an email to members reveals.

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Judge orders discovery of legal advice in spat over $45B Ichthys LNG project
Energy & Natural Resources 2023-05-18 11:49 pm By Sam Matthews

A judge has ordered contractor JKC Australia to hand over legal advice relating to a settlement deed it entered with Japanese oil company Inpex in 2021, as it seeks to hold Dutch paint company AkzoNobel NV responsible for its “significant” potential liability under the settlement.

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PwC tax leak scandal puts spotlight on firms’ uneasy commitment to compliance
Tax 2023-05-17 11:26 pm By Sam Matthews

The tax leaks scandal engulfing PwC has shone a spotlight on the culture of large professional services firms, where ensuring compliance with good governance is akin to “herding cats”, experts say.

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Court tosses conviction of Fly365 director, says case ‘doomed to fail’
Restructuring & Insolvency 2023-05-17 2:08 pm By Sam Matthews

A court has tossed a conviction secured in ASIC’s case against a director of collapsed flight booking platform Fly365, saying the case was “doomed to failure.”

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Tech exec subjected to DXC’s ‘unreasonable’ 7-year restraint clause wins appeal
Technology 2023-05-16 10:28 pm By Sam Matthews

An appeals court has found a seven-year non-competition clause in US tech giant DXC Eclipse’s agreement with the former director of Melbourne software firm Sable37, which it acquired in 2018, was unreasonable.

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Block’s mobile payment method not patentable, says IP Australia
Fintech 2023-05-16 12:14 pm By Sam Matthews

IP Australia has rejected an application by US technology company Block to patent a mobile payment method, saying it does not describe a manner of manufacture — the threshold requirement tripping up many claimed computer-implemented inventions.

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Tributes pour in for ‘giant of the Australian Bar’ David Jackson
David Jackson 2023-05-15 5:05 pm By Sam Matthews

The legal profession is mourning the death of long-serving barrister and former Federal Court judge David Jackson KC, hailed as a “giant of the Australian Bar”.

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Directed Electronics wins $3.27M in Hanhwa trade secrets case, with damages still to come
Intellectual Property 2023-05-15 2:09 pm By Sam Matthews

Automotive electronics company Directed Electronics is set to claw back $3.27 million in commission payments made to a former manager through a secret side agreement with South Korean giant Hanhwa, with a ruling on damages still to come in the five-year case.

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‘Plagued with competing class actions’: Judge stays latecomer Medibank case for now
Class Actions 2023-05-12 1:26 pm By Sam Matthews

A judge aggrieved by the “plague” of competing class actions in the courts has temporarily stayed a second data breach class action against Medibank, and directed the health insurer to ask the privacy commissioner to drop the investigation of a third case.

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