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The Full Court has rejected ASIC’s appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Westpac can shield Allens docs in money laundering class action
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Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Werribee shopping centre wants AIG, others added to $356M suit against Probuild
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The co-owners of the Pacific Werribee shopping centre in Victoria are seeking to join collapsed builder Probuild’s primary insurer AIG and several excess insurers to their case over $356 million in alleged defects.
Contractors dragged into Deakin University’s suit against Hansen Yuncken
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A number of contractors have been added by builder Hansen Yuncken to a $14.3 million dollar lawsuit by Deakin University over alleged building defects at its Burwood campus.
Billionaire developer Bob Ell was ‘very abusive’ to long-time exec, court hears
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A court has ordered companies in billionaire Bob Ell’s Leda Group to pay a senior executive $178,000 for terminating his retainer without adequate notice, ending what the court heard was an abusive working relationship.
ICJ decision could pave way for more innovative climate litigation: experts
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A decision this week from the International Court of Justice holding countries have an obligation to protect the climate from greenhouse emissions will open the door to innovative climate litigation, experts told Lawyerly.
Builder Alta Vale can run $9.6M case with backing of collapsed TC Build
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A court has approved a deal under which collapsed TC Build Group will be joined as a plaintiff in action by construction company Alta Vale Residential to claw back $9.6 million allegedly owing for work on various projects.
Maas unit named in ICAC probe over Transport for NSW contracts
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A unit of construction and real estate group Maas Group has been named in an ICAC investigation into alleged kickbacks for lucrative Transport for NSW contracts.
Full Court revives strip search case by Qatar Airways passengers
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Five passengers who were forced off a Qatar Airways flight and strip searched at Doha International Airport have successfully appealed the summary dismissal of their case against the airline, with the Full Court finding key issues were not suited for summary determination.
$360M settlement in US may factor into Hino class action contingency fee
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A judge has said a $360 million settlement in a US class action could be relevant to deciding whether to vary a 25 per cent contingency fee in an Australian class action against Hino Motors, which settled for $87 million.