A shareholder has dropped her case against ANZ over concerns it was failing to properly manage climate change risk, after the bank publicly committed to treating it as a key risk, later revealing it would stop providing project finance to new or expanded oil and gas projects.
Moves to restore public confidence in the government reviews process are underway after the federal Parliament passed new legislation replacing the “damaged” Administrative Appeals Tribunal, which has been criticised for failing to stop the Robodebt scheme, with a new Administrative Review Tribunal.
Hearing arguments Tuesday on whether lawyers should be permitted to earn contingency fees in Federal Court class actions, judges on a Full Court bench appeared to lean in favour of allowing so-called solicitors’ common fund orders, rejecting claims they are “unjust”.
Two units of insurer IAG have been hit with a class action for allegedly misleading hundreds of thousands of home owners insurance customers about loyalty discounts.
Legal representatives for a company that dobs in fellow cartel members will not generally be permitted in the room when the competition regulator interviews directors, employees and others seeking derivative immunity from prosecution, under proposed amendments to the ACCC’s immunity policy.
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 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.
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.
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.
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”.
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