ASIC has won a $20 million judgment against derivative trader Forex CT for using “unfair” sales tactics and misleading clients into making trades from which the company would benefit even when they had informed their adviser they had limited financial resources.
A controversial ban on Australians travelling home from India could face a legal attack for what some say is an unlawful overreaction to the COVID-19 crisis, but the prospects of success for any challenge are not clear, an expert tells Lawyerly.
A $440 million settlement by the State of Queensland and dam operator Sunwater resolving a class action over the 2011 Queensland floods has been approved by a NSW judge.
A unit of coal mining company Futura Resources has failed to convince the Full Federal Court to allow it to register a 2012 coking coal mine investigation conducted in Central Queensland for a research and development tax offset.
Qantas has secured a temporary injunction from a Singapore court blocking a former company executive from starting a new position at competitor Virgin Australia.
The Victorian government has been hit with a lawsuit by a security firm tasked with looking after 12 hotels used in the state’s troubled COVID-19 hotel quarantine program which seeks more than $9.7 million for allegedly unpaid invoices.
The Australian Law Reform Commission has suggested judges should transfer applications for their own disqualification to a separate duty judge to decide, after hearing concerns about how the “bias blind spot” may operate in the existing self-disqualification procedure.
UK-based Woodsford Litigation Funding has become the first overseas funder authorised to finance Australian class actions under recent laws cracking down on the litigation funding industry.
A director of Gold Coast accounting firm Oculus has lost his bid to represent the company in a class action by investors in failed music streaming platform Guvera, with a judge unconvinced the company lacked the means to fund the litigation and finding the director was not suitable to represent the company.
The judge overseeing the first ever bid for a group costs order in a class action that will give the plaintiff’s law firm a percentage cut of the proceeds has urged the firm to rethink characterising its own solicitor as an expert.
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