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Billionaire Clive Palmer has lost his appeals court fight to shut down criminal proceedings alleging his resort company breached takeover laws, with three judges saying his claims were untenable.
Lawyers rise to challenge of court shutdowns, but backlog will have long-term ripple effect
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The move by Australia’s highest courts to vacate in-person hearings in the face of the coronavirus pandemic is likely to have only a minor impact on cases in the short term, lawyers say, but the delays to trials and other major hearings will have a flow-on effect that could be felt for years to come.
HWL Ebsworth must pay indemnity costs in ex-partner spat after ‘unreasonable’ rejection of compromise
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HWL Ebsworth is on the hook for the legal costs of an unfair dismissal case won by ex-partner Tim Griffiths, and the law firm must pay almost two years of legal bills on an indemnity basis after it twice refused an offer of settlement.
MinterEllison employee tests positive to coronavirus
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A MinterEllison employee has tested positive to the new coronavirus and is now in self isolation, as are all the colleagues they were recently in contact with.
BHP can’t pause shareholder class action over Brazil dam failure
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BHP has failed in a bid to shut down a class action over the Fundao dam failure pending criminal proceedings in Brazil, with a judge ruling the mining giant would not be prejudiced if the case proceeded for now.
Tandem unit loses bid to de-class ‘sham’ contracting class action
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A unit of Telstra contractor Tandem has lost its bid to de-class a ‘sham’ contracting class action brought on behalf of telecommunications workers who claim they were denied benefits by being misclassified as contractors.
ACCC says cancellations due to COVID-19 could impact consumer rights
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The Australian Competition and Consumer Commission has issued guidelines on consumers’ rights to refunds if a flight or event is shuttered due to the coronavirus, saying consumer guarantees could be affected if cancellation are caused by government restrictions.
Societe Generale faces criminal charges over handling of client money
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The Australian arm of French investment banking giant Societe Generale is facing four criminal charges for allegedly failing to comply with its obligations to keep client money in separate bank accounts.
‘Serious inadequacies’: AMP units fined $526,000 over derivative transaction reporting
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Two units of AMP have paid a $536,000 penalty for failing to report derivative transactions, with the Australian Securities and Investments Commission slamming the company for “serious inadequacies” in its reporting processes.
CBA’s Colonial First faces ASIC action over MySuper statements
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The corporate cop has brought legal proceedings against the Commonwealth Bank’s wealth management unit claiming it made misleading or deceptive statements to over 12,000 fund members during the transition to MySuper accounts.