Clayton Utz

The corporate regulator says defunct forex broker Union Standard and its agents should be hit with $300 million in penalties for their tactics in pressuring customers to trade in risky financial products. 

Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients' best interest.

Jones Day has lured a real estate expert from Clayton Utz to join its Brisbane office as a partner.

Developer Geocon has lost its bid to strike out claims in a case over Canberra's Infinity Towers that it breached statutory warranties, with a judge saying it was a difficult legal issue best left for trial. 

In “mega-litigation” over allegedly defective anti-corrosive coating used on the $45 billion Ichthys natural gas project, a judge has handballed an issue raised by Japanese oil company Inpex about damages calculations back to a referee.

HSBC has hit back at ASIC's claims that it failed to protect customers from scams, denying it breached its legislative duties despite admitting some of the regulator’s allegations concerning its compliance with the ePayments code, a voluntary code of conduct.

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

The High Court has declined coffee maker Cantarella's special leave application arguing the Full Court should have found it was an honest concurrent user of the 'Oro' trade mark, which was first used by another coffee maker.

ASIC has expanded its case alleging HSBC failed to protect customers from scams, revealing a compliance manager at the bank had found that teams tasked with monitoring unauthorised transactions “had no understanding” of the liability provisions in the ePayments Code.

Two Australian companies who held all the shares in Mirabela Mineração do Brasil’s main asset, the Santa Rita Mine, have successfully argued that a contract variation and their subsequent termination of the sale contract was lawful, in spite of their Brazilian counterparts' late signature.