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Richard White’s Kyckr claims ex-CTO sacked over performance issues
Richard White and his anti-money laundering software company Kyckr have hit back at an unfair dismissal case by the company's former chief technology officer, claiming she was terminated for “longstanding performance issues”.
Judge OKs ‘very disappointing’ AMP class action settlement, cuts fees
A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.
Fintech Bano to be kicked off Banking Circle platform over AML/CTF risks
A judge won't force alternative banking provider Banking Circle Australia to continue providing services to fintech Bano, finding the platform faced a real risk of breaching anti-money laundering and counterterrorism financing laws if the relationship continued.
Construction PRO
Asset Energy appeals loss over PEP11 gas exploration permit
Asset Energy is appealing a decision which rejected its challenge to the Offshore Petroleum Joint Authority'a decision not to extend the permit for its PEP11 gas exploration project off the Hunter coast in NSW.
Nuix loses appeal against insurers over $20M in legal bills
Nuix has lost its appeal of a ruling that found it must pay $20 million in legal costs before its insurers must cover its bills for defending multiple class actions and an ASIC case over its $1.8 billion float.
Construction PRO
Barristers win fee hike in Rinehart feud, but no such luck for solicitors
A judge has allowed a 50 per cent fee uplift for counsel in an epic fight over lucrative tenements in the Pilbara region, but says the hourly fees of solicitors from the likes of Allens, Clayton Utz and Corrs were already well above market rate.
Construction PRO
Clifford Chance hires big fish from Mallesons to lead real estate group
Clifford Chance has hired the head of Mallesons' real estate group and his team of five to lead its growing real estate practice in Australia, on the heels of hiring lawyers from Pinsent Masons and HSF Kramer to kickstart its construction and environment teams.
Generative AI a ‘new front’ for class actions, experts say
Defence lawyers are bracing for a wave of class actions over companies’ use of generative artificial intelligence, with privacy, discrimination, consumer, product liability and shareholder claims expected.
Briefly: Alphapharm, Woolworths, GitHub latest litigation targets
The latest new suits feature billion-dollar infrastructure brawls, fresh employment claims against Telstra and Woolworths, and regulators flexing their enforcement muscle.
Construction PRO
Builtcom wins round in $21M dispute over Burwood development
Builtcom has scored a win in a fight over termination payments connected to a development in Melbourne's east, with a judge finding the entitlement to the payments was not extinguished by non-compliance with progress claim procedures.