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Lawyers are in no immediate danger of losing their jobs to AI, according to a leading law firm, which has found that asking large language models legal questions you don’t already know the answers to is risky business.
Noumi, ASIC fight ruling that privilege over PwC report waived during probe
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Noumi and ASIC are challenging a finding that the food manufacturer waived legal professional privilege over a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst by disclosing the report during an ASIC investigation.
Continuous disclosure case law may apply in Forge insider trading case, judge says
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A judge has left open the question of whether a line of authority relating to the materiality of information under the continuous disclosure regime could be relevant to a stoush between collapsed engineering firm Forge Group and Clough Group, saying the decisions may apply to cases alleging breaches of the insider trading provisions of the Corporations Act.
X could have done more to shield users, including kids, from stabbing videos, court told
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The e-Safety Commissioner has expanded its case seeking to have X Corp remove posts that depict a stabbing of a bishop at a Sydney church, arguing X could have done more to prevent Australian users, including children and VPN users, from viewing the videos.
‘Grossly excessive’: Energy broker can’t enforce confidentiality agreement
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A judge has blasted energy broker Energy Action’s bid for interim orders enforcing a confidentiality agreement against a former employee who jumped ship to a competitor, calling the bid “grossly excessive”.
Medical cannabis distributor wins injunction after suspected hack
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Medicinal cannabis company Vitura Health has won its bid for orders restricting the access of a software partner to its IT systems after an alleged hack.
Mercer Super faces extra licence conditions after APRA finds risk management failures
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The Australian Prudential Regulation Authority has slapped additional licence conditions on Mercer Superannuation after the prudential regulator identified deficiencies in risk and compliance management by the trustee, which oversees a super fund holding $70 billion of members’ money.
RAMS hit with class action by disgruntled franchisees
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Westpac subsidiary RAMs has been hit with a class action by former franchisees who say their agreements with the home loan provider were terminated without proper cause.
Optus loses second bid to shield Deloitte report from class action
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Optus has lost its appeal of a decision that found the telco could not claim legal professional privilege over a Deloitte report into a major data breach, with an appeals court highlighting the lack of evidence from former CEO Kelly Bayer Rosmarin.
Bonza administrators win more time to sell collapsed airline
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Administrators of collapsed budget airline Bonza have been given two more months to try to sell the company, with the Federal Court finding a sale would be of greater benefit than liquidation to the airline’s 58,428 creditors, who are owed $116 million.