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KPMG Review Finds Ethical Culture 'Say-Do Gap'
KPMG Australia's ethical culture has a 'say-do gap' between what management says and does that is compounded by governance weaknesses, according to external advisory firm Principia Advisory's assessment of its whistleblower framework and speak-up environment.
HSF-Led Firmus $44B IPO Scrapped On Weak Demand
Data centre operator Firmus has withdrawn its application for its $44 billion initial public offering in Australia amid weak investor demand, citing market volatility on Friday.
High Court Emission Ruling's Narrow Focus May Blunt Impact
Climate activists have welcomed a High Court ruling requiring a planning commission to reconsider a coal mine expansion's approval to account for indirect emissions — but environmental and planning lawyers say its narrow legal basis could limit its wider impact.
KPMG Review Finds Ethical Culture 'Say-Do Gap'
KPMG Australia's ethical culture has a 'say-do gap' between what management says and does that is compounded by governance weaknesses, according to external advisory firm Principia Advisory's assessment of its whistleblower framework and speak-up environment.
HSF-Led Firmus $44B IPO Scrapped On Weak Demand
Data centre operator Firmus has withdrawn its application for its $44 billion initial public offering in Australia amid weak investor demand, citing market volatility on Friday.
High Court Emission Ruling's Narrow Focus May Blunt Impact
Climate activists have welcomed a High Court ruling requiring a planning commission to reconsider a coal mine expansion's approval to account for indirect emissions — but environmental and planning lawyers say its narrow legal basis could limit its wider impact.
Expert Analysis
Lawyers at Mallesons take stock of Australia’s recently enacted Treasury Law amendments and explain the capital ga... (more story)
The Australian Securities Exchange’s forthcoming proposed listing rule reforms and enforcement priorities represen... (more story)
The High Court of Australia's recent landmark ruling in Australian Securities and Investments Commission v. Web3 V... (more story)
Financial Services More
A Federal Court fined Hollard Insurance $2 million on Friday for delaying an insured's storm claims, exceeding the initial proposal but falling below ASIC's $30 million demand amid "diametrically opposed views... (more story)
An Australian Institute of Company Directors-commissioned report published Thursday calls for enforceable "shot clocks" on regulators to meet deadlines, adjusting climate-reporting requirements to exclude anot... (more story)
KPMG auditors failed to properly look into contradictory information and unrealistic projections from Arrium Ltd before signing off on audits of the steelmaking and mining company ahead of its 2016 collapse, s... (more story)
The High Court of Australia has refused a special leave application appealing a Victorian Supreme Court case finding a claimant alleging defective plumbing cannot pursue the plumber's insurers directly without... (more story)
The Federal Circuit and Family Court of Australia Chief Justice William Alstergren has urged newly elected Senior Counsel to "always appear" in court with a junior legal professional, citing the "desperate nee... (more story)
Australian legal professional privilege can protect documents produced in a jurisdiction where the doctrine is less clearly defined, the Federal Court has ruled, providing a "helpful point of clarity" for cros... (more story)
Gadens has appointed HWL Ebsworth's financial services partner Mizu Ardra and Denton's property partner Natasha Murgatroyd to its Melbourne and Perth respectively, the law firm said in a statement on Friday.
Baker McKenzie has appointed White & Case executive Jennifer Parks as its new global chief operating officer, the firm said on Tuesday.
Commercial Disputes More
The High Court of Australia has refused the application of former Neometals executive Christian Reiche for special leave to appeal the dismissal of his whistleblower victimization claim against the company.
Mining giant Fortescue and its Iron Bridge joint venture partner Formosa Steel have sued pipe supplier Clover Pipelines and Turkish subcontractor Superlit Boru in the Supreme Court of Western Australia, allegi... (more story)
The High Court has rejected Sino Iron's appeals against a state court ruling that refused to force billionaire Clive Palmer's Mineralogy to help expand an iron ore mining project worth more than $12 billion in... (more story)
The Federal Court of Australia has found Clive Mensink, the fugitive nephew of billionaire businessman Clive Palmer, in contempt of court for failing to attend a compulsory examination into Queensland Nickel's collapse.
The High Court of Australia on Thursday refused special leave to appeal a ruling that a former employee of online retailer New Aim Pty Ltd improperly shared confidential information, including the identity and... (more story)
The Victorian Court of Appeal has rejected a stay application brought by Spencer Sherwood, Geotic and Alluvial Mining against a County Court of Victoria judgment that found Sherwood engaged in misleading and d... (more story)
Allens has joined the peak body for Australia's data centre industry as an affiliate member, in an announcement on Wednesday, signalling support for the growing industry amid increasing public opposition.
Hall & Wilcox has hired Holding Redlich's Andrew Klein as a partner in Canberra specialising in government workplace relations and employment matters, the firm said in a statement on Wednesday.