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The superannuation fund of the construction industry has been hit with ASIC enforcement action, accused of long delays in processing the death and disability claims of thousands of members.
Noumi privilege ruling could undermine ASIC investigations, Full Court told
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ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.
Herbert Smith Freehills to merge with US firm Kramer Levin
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Herbert Smith Freehills is planning a merger with US law firm Kramer Levin that will make it one of the 20 largest firms worldwide with over US$2 billion in combined revenue from day one.
Honda tells court it should be on the hook for $12M in spat with dealer
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Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million.
Former PwC partner settles defamation claim over tax leaks statements
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A former PricewaterhouseCoopers partner has settled his defamation claim against the firm over public statements that allegedly falsely linked him to its tax leaks scandal in 2023.
Domestic airfares soared after collapse of regional carrier Rex, ACCC finds
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Australia’s consumer regulator has found that domestic airline customers are facing less choice and higher prices following the collapse of regional airline Rex.
Companies need to report basis for climate change statements, says ASIC
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ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.
Ex-EY partner accused of tax loss scheme can shield email to general counsel
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A former EY partner accused of pocketing $700,000 in secret commissions can shield an email from the firm’s tax leader to its general counsel despite the firm having waived privilege.
Judge’s copy and paste decision a ‘canary in a coal mine’, experts say
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A time-strapped judge’s decision that was set aside for “uncritical copying and pasting” exposes deeper issues about stressed judges at under-resourced courts with “extraordinary workloads”, experts say.
Velocity Rewards joined to Virgin class action despite ‘barely arguable’ claim
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A judge has allowed investors bringing a class action against Virgin to join Velocity Rewards to the case, despite finding the proposed claims against the frequent flyer program are “barely arguable”.