Recent changes in the Australian regulation of third-party funders will have a dramatic effect on the funding of certain disputes. Although these changes were accompanied by Government and industry commentary that they would not affect litigation funding for insolvency-related claims, this may not be the case for all insolvency funding arrangements, writes Lina Kolomoitseva of funder Litigation Capital Management.
Australian construction company Grocon has been ordered to pay $1 million in security for costs to continue its pursuit of a $270 million lawsuit against Infrastructure NSW over the development of Central Barangaroo, despite claiming it’s financials have taken a hit from the pandemic.
A landmark judgment by the Full Federal Court has found that a full bench of the Fair Work Commission “misconstrued” its own authority to make general protections findings about the dismissal of employees.
John Karantzis, the CEO of fintech company iSignthis, has launched defamation proceedings against Fairfax, targeting an Australian Financial Review article over the 900 per cent share price jump in Etherstack, a wireless radio tech company in which Karantzis owns shares.
The Greens Party is urging the Morrison Government to include the ABC and SBS in its mandatory media bargaining code, saying the plan to make Google and Facebook pay for news content was “incomplete” without protections for the public broadcasters.
International law firm Seyfarth Shaw has snagged a leading workplace health and safety partner from Sparke Helmore to expand its Melbourne team.
A subsidiary of workforce management company Tandem, which contracts with Telstra and Optus, has foreshadowed future cross-claims against group members who claim they were misclassified as contractors and denied employment benefits.
Facebook’s argument that it can’t be sued by the privacy commissioner in Australia has fallen flat, with a judge rejecting the social media giant’s application to dismiss enforcement action brought in March over the disclosure of users’ personal data.
Game show host and news presenter Simon Reeve is suing the Seven Network for breach of contract, seeking compensation and pecuniary penalties after his sudden dismissal in June during the height of the COVID-19 pandemic.
The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.
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