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The corporate watchdog has cancelled the AFS licence of FTX Australia, the Australian subsidiary of collapsed cryptocurrency exchange FTX.
Court’s OK to thumbs-up signature shows perils of toying with emojis
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A judge’s decision that the thumbs-up emoji on a contract constitutes a valid signature is the latest court ruling to find that emojis can amount to acceptance of an offer, and serves as a warning about the downsides of the smiley face and its offspring, experts say.
EY boss says PwC conduct ‘not the way we do business’
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Senior EY partners have condemned PwC and attempted to distance the firm from the scandal that has rocked the industry, but its cleanskin claims were met with scepticism by senators, who questioned the failure to provide EY’s partnership deed and remuneration details.
HWL Ebsworth denies causing client’s loss in $3.5M spat over Dyldam development
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HWL Ebsworth has admitted it gave a client negligent advice over property in Paramatta’s ‘Auto Alley’ but said the owner’s alleged $3.5 million loss was not caused by the law firm’s mis-step in a transaction with companies linked to the defunct Dyldam Developments.
$6M suit over Latitude trampoline park share sale thrown out
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A Chinese businessman behind the Latitude indoor trampoline park chain has failed in a lawsuit against his Australian co-investor, after claiming a share sale agreement between the two was breached when his partner decided to sell the business to competitor Bounce.
Trial wipeout in lawyer’s fight with inventor behind surf machine patent
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An upcoming trial in a long-running legal stoush between a patent lawyer and the inventor of a energy efficient surf machine over the rights to the invention has been vacated after a judge found the company the rights were assigned to has not provided satisfactory discovery.
Regulator’s files disclosed in HWL Ebsworth data breach
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The Fair Work Ombudsman has revealed that its files were among those exposed in a cyberattack against law firm HWL Ebsworth.
Jones Day adds White & Case lawyer for restructuring practice
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Jones Day has recruited White & Case lawyer Kathryn Sutherland-Smith for the firm’s business restructuring & reorganization practice in Sydney.
Three years in, court coming to grips with group costs orders
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Three years on from their debut, group costs orders — which entitle law firms to a percentage of any recovery in class actions — have raised a host of novel issues that are keeping lawyers and the court busy.
Zap Fitness founder forced to drop negligence suit against Pitcher Partners
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A court has issued an injunction forcing the discontinuance of a negligence suit against accounting firm Pitcher Partners by the former owner of Zap Fitness, a case found to be barred by the terms of a settlement.