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DWF snags 9 partners from Hall & Wilcox
Business of Law 2024-11-15 11:38 pm By Julia Kanapathippillai

UK law firm DWF has recruited nine insurance partners from Hall & Wilcox to power its growth in Australia.

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Barristers acting on instructions from solicitor to be exempt from AML/CTF regime
Legal Ethics 2024-11-15 2:39 pm By Cindy Cameronne

A senate committee has recommended that rules requiring that lawyers comply with anti-money laundering obligations should not apply to barristers acting on instructions from solicitors.

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Judge worries compensation for axed Qantas ground crew ‘going off into never never’
Employment 2024-11-15 2:11 pm By Cindy Cameronne

A judge has raised concerns about delays in paying three former Qantas baggage handlers compensation after an appeals court agreed they were illegally sacked and replaced with contractors during the COVID-19 pandemic. 

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Class action in Hong Kong against Forex trader could complicate Aussie case, court told
Class Actions 2024-11-15 3:26 pm By Andy Sidler

A concurrent group proceeding in Hong Kong could complicate an Australian class action against Perth-based forex trader Best Leader Markets Pty Ltd.

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Ex-Keystone director may claim penalty privilege in receivers’ lawsuit
Restructuring & Insolvency 2024-11-15 11:54 pm By Cindy Cameronne

A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers. 

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Coles, Woolworths hit with class actions over discount claims
Class Actions 2024-11-14 5:39 pm By Cat Fredenburgh

Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.

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ASIC seeks $20M penalty against Kraken crypto exchange
Cryptocurrency 2024-11-14 11:22 pm By Andy Sidler

In the second test of the new design and distribution obligations under the Corporations Act, ASIC is seeking a $20 million penalty against the provider of the Kraken crypto exchange.

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Parties race to settle Exactech joint implant class action
Class Actions 2024-11-14 4:37 pm By Andy Sidler

The law firm running a class action against Exactech over allegedly faulty joint implants is facing the “impossible task” of settling the case by January, the “drop dead” deadline for resolving the claim under its US parent company’s restructuring.

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ASIC sets sights on cost of living pressures in 2025 enforcement agenda
Financial Services 2024-11-14 11:26 pm By Christine Caulfield

The corporate regulator has outlined its enforcement priorities for next year, and top of the hit list will be businesses that exploit cost of living pressures.

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ASIC slams ‘false’ premise of payday lender BSF’s appeal
Financial Services 2024-11-14 11:08 pm By Cindy Cameronne

ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.

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