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Law firm K&L Gates has been hit with a $3 million lawsuit by former clients alleging breaches of duty of care and fiduciary duties after a Victorian Supreme Court loss in a joint venture dispute.
The liquidators of defunct stockbroker Halifax are justified in their decision to refrain from realising existing investments over the protests of some investors, until substantive issues in the liquidation are resolved, a court has directed.
A ruling Wednesday that struck down class closure orders -- a device used by judges in class actions for the past two decades -- has split the courts in Australia and is expected to head to the High Court.
An appeals court has overturned a ruling ordering class closure in seven representative proceedings against car makers over defective Takata airbags, finding courts do not have the power to make class closure orders.
Cruise company Australian Pacific Touring has settled a lawsuit brought against the Federal Government challenging an order forcing foreign-owned cruise ships out of Australian waters due to health concerns raised by the coronavirus.
The coronavirus has forged changes in the legal profession that will outlast the pandemic itself, leading to greater flexibility and efficiencies in an industry steeped in tradition and notably slow to adopt new technologies, sources told Lawyerly.
As law firms and funders scramble to keep up with COVID-19's impact on the legal landscape, some have gone above and beyond in creating new technological and service solutions for clients in these unprecedented times.
The developers behind the Governor Place residential complex in Canberra have reached a settlement in a class action by aparment owners seeking $6.3 million in GST payments on their units.
The Federal Court is pushing ahead with an expedited trial in Icon Co's case against Liberty Mutual Insurance and QBE over the Opal Tower disaster, just one month after originally scheduled, and it's going online to do it.
The judge overseeing the trial in a trade secrets case brought by Australian auto electronics developer Directed Electronics OE against its rivals is considering how the cross-examination of witnesses will proceed given current restrictions imposed on gatherings due to the coronavirus, including in the event of a possible lockdown.