A&O Shearman

Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.

A barrister for a group of banks defending a lawsuit launched by satellite company NewSat has questioned the credentials of the defunct firm's solicitor, who has challenged the lenders' $8.9 million security for costs bid.

Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.

A&O Shearman has poached a Squire Patton Boggs partner to build a dedicated real estate practice in Australia.

Defunct telecommunications company Jabiru Satellite can add new claims to its suit against major banks for withdrawing support for Australia’s first satellite, but it can't put on a case that the lenders were “shadow” directors.

A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of successive attorneys-general to advance reforms clarifying the court’s power to make class closure orders.

Global heavyweight A&O Sherman is expanding its disputes capacity in Australia, recruiting the head of Ashurst's Perth disputes practice.

Clayton Utz has boosted the expertise in its risk advisory practice, hiring a trio of lawyers from CBA and A&O Shearman.

Two mergers and acquisitions partners from A&O Shearman have made the jump to White & Case, joining the international firm's corporate team in Sydney.