The Treasurer has released draft legislation for an overhaul to Australia’s merger review regime, but has not yet revealed the threshold for mergers that will need to be signed off on by the Australian Competition and Consumer Commission.
A judge has rejected arguments that Virgin Australia waived legal professional privilege over advice from Herbert Smith Freehills by claiming in a class action defence that it had a reasonable belief that statements in a prospectus for a $324 million capital raising were not misleading.
The CFO of former market darling Big Un, who has been charged with insider trading, has been excused from filing a defence or taking other procedural steps in the collapsed company’s case against its ex-directors.
Gadens has merged with Canberra firm Trinity Law, expanding the firm’s national footprint and boosting its capacity to take on government work.
Mills Oakley has lured a founding partner of Hamilton Locke and an environmental, social and governance lead from KPMG to join its Sydney team.
The managing partner of a leading plaintiff law firm has agreed to drop his case against a Melbourne law firm, which he claimed failed to properly advise him on an agreement that barred him from selling his shares in Slater & Gordon before the firm’s share price plummeted in 2015.
In a win for ASIC, the Federal Court has found that non-bank lender Firstmac Limited breached the design and distribution obligations, introduced in 2021, by marketing a managed investment scheme that could be unsuitable for customers’ financial needs.
A law firm partner who alleges a Melbourne solicitor failed to properly advise him on a share sale agreement with Slater & Gordon in 2014 declined assistance before signing a term sheet that outlined he could not sell his shares in the firm for three years, a court has heard.
The managing partner of a leading plaintiff law firm has sued a Melbourne firm, alleging it failed to properly advise him on an agreement that prevented him from selling his shares in Slater & Gordon before its share price plummeted in 2015.
A Greens senator has called for reducing a proposed immunity from climate disclosure litigation from three years to one after lawyers, including the NSW Bar Association, blasted the moratorium. But some law firms say the immunity doesn’t go far enough and should shield companies and their officers from continuous disclosure-related claims.