Lawyers welcomed the government’s “overdue” announcement of a so-called patent box that will slash the tax rate on income derived from patented drug and biotech inventions developed in Australia, but called on the government to apply the regime to other sectors.
The federal government has cut the budget for the Australian Securities and Investments Commission by $62.7 million in tandem with the regulator’s corporate registry being shifted to the ATO, but a legal expert told Lawyerly the cut could also signal a movement away from the “why not litigate” approach adopted in the wake of the banking royal commission.
A former CEO of a global pharmaceutical company has lost his appeal of a ruling throwing out a lawsuit he brought against his former employer after he was terminated in the wake of accusations that he harassed staff and using a syringe to stab multiple employees.
Internet search giant Google wants to weigh in on an appeal over whether Epic Games’ lawsuit accusing Apple of abusing its dominance in the app store marketplace should be heard in Australia, as the ACCC wins its bid to intervene in the case.
The former girlfriend of Ultra Tune founder Sean Buckley is facing a contempt charge for allegedly sending secret recordings to two individuals despite a court injunction, with a judge saying she could raise what he called a ‘Bart Simpson defence’ in denying the alleged conduct.
US-based firm Jones Day has snagged one of Perth’s top energy litigators from rival Quinn Emanuel to bolster its global disputes team.
The Australian Competition and Consumer Commission has dropped a consumer case accusing NIB Health Funds of failing to alert customers to coverage changes in their policies, less than a month before trial was set to kick off in the long-running case.
A Melbourne law firm is appealing a ruling that it owes more than $184,000 to a former junior lawyer who earned hundreds of thousands of dollars per year under a lucrative pay structure.
Queensland and NSW sorghum farmers have appealed a ruling that shut down its class action brought over allegedly contaminated seeds, saying the judge was wrong to find Advanta Seeds did not owe them a duty of care.
The ACCC is seeking views on a proposed undertaking by Woolworths aimed at allaying the regulator’s concerns about its planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services.
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