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Struck-Off Lawyer Jailed For Holding Back Email Details
A Victorian Supreme Court judge has ordered former solicitor Joseph Guss to spend a week in jail after he refused to hand over email login details to a manager appointed to his practice following the cancellation of his practising certificate for several instances of professional misconduct.
Alleged Thief's Silk Tells High Court Bitcoin Is Not Property
Bitcoin is a concept or idea rather than property that can be stolen, counsel for a former Federal Police officer charged with the theft of $493,000 worth of Bitcoin has told the High Court of Australia, as part of an appeal over the legal status of the cryptocurrency.
Ex-KPMG Whistleblower Suit Targets Big Four Liability Caps
A small public-interest case listed for trial in NSW's Supreme Court next year could expose the Big Four accounting firms to larger damages bills, forcing them to take accountability for "negligent, deceptive or misleading" advice given to clients, according to the ex-KPMG whistleblower behind the action Brendan Lyon.
Struck-Off Lawyer Jailed For Holding Back Email Details
A Victorian Supreme Court judge has ordered former solicitor Joseph Guss to spend a week in jail after he refused to hand over email login details to a manager appointed to his practice following the cancellation of his practising certificate for several instances of professional misconduct.
Alleged Thief's Silk Tells High Court Bitcoin Is Not Property
Bitcoin is a concept or idea rather than property that can be stolen, counsel for a former Federal Police officer charged with the theft of $493,000 worth of Bitcoin has told the High Court of Australia, as part of an appeal over the legal status of the cryptocurrency.
Ex-KPMG Whistleblower Suit Targets Big Four Liability Caps
A small public-interest case listed for trial in NSW's Supreme Court next year could expose the Big Four accounting firms to larger damages bills, forcing them to take accountability for "negligent, deceptive or misleading" advice given to clients, according to the ex-KPMG whistleblower behind the action Brendan Lyon.
Expert Analysis
The most significant reform to Australia's anti-money laundering regime in two decades recently came into force, w... (more story)
The Australian Transaction Reports and Analysis Centre's recent risk snapshots on money laundering, financing of t... (more story)
The Australian Securities and Investments Commission and Australian Competition and Consumer Commission continue t... (more story)
Financial Services More
Law firm Agency Settlements has discontinued its case against the founder of conveyancing firm Dott & Crossitt, Jared Zak, and agreed to pay costs over his allegations that it engaged in "deposit flicking," ci... (more story)
A Federal Court judge has approved a more than $100 million agreement between NetWealth Superannuation and ASIC, with no further penalties for NetWealth, after it paid out customers for their net deposits into... (more story)
High Court Justice Michelle Gordon said the legal profession could "do better" on women's equality, outlining practical steps to encourage equitable briefing at the bar in a wide-ranging speech in Melbourne last month.
The President of the Administrative Review Tribunal and Federal Court of Australia Justice Emilios Kyrou says the sheer volume of cases overseen by the ART makes it impossible for leadership alone to identify ... (more story)
NSW District Court Judge Penelope Wass has been ordered to stand aside from three criminal cases after the NSW Court of Criminal Appeal found a reasonable observer may have doubts about her impartiality on the bench.
Equity Trustees, the superannuation trustee being sued by ASIC over alleged failures linked to the collapsed First Guardian and Shield funds, said it received an unsolicited $663 million takeover bid from Melb... (more story)
Class action law firm Shine Lawyers said an "unexpected" interlocutory judgment in an ongoing class action has forced it to write down $13.7 million from this year's earnings, though it is considering appealing the case.
Holley Nethercote managing partner Paul Derham says he expects APRA to use more independent experts that shift power away from banks during remediation, alongside more regulatory overlap by the major financial... (more story)
Commercial Disputes More
Fintech firm Ovanti said it is preparing legal proceedings against the former CEO of its bankrupt US buy-now pay-later business, according to an Australian Securities Exchange statement on Thursday.
The Federal Court of Australia and the University of New South Wales announced plans on Wednesday to deliver a comprehensive, evidence-based examination of unrepresented litigants amid a swell in cases and AI use.
A New South Wales Supreme Court judge has ruled that REST Infrastructure Trust does not have to pay the full defendants' costs for its failed bid to halt the sale of its share of a roughly $4 billion Dexus-led... (more story)
The former executive of a mining services company has lost his bid for access to correspondence involving shareholders who tried to take over the firm's board in 2022, despite a Federal Court judge saying he a... (more story)
The owner of Melbourne brothel Gotham City has lost a bid to overturn Bendigo Bank's closure of his bank accounts due to suspicious activity, after a Supreme Court of Victoria judge dismissed his claims of dis... (more story)
The Federal Court of Australia has found a skincare and consumer goods company misled investors by breaching its continuous disclosure obligations over forecasts for Dr LeWinn's skincare during a COVID-era sal... (more story)
A New South Wales Supreme Court judge has declined to make an interim order preventing Jared Zak, founder of conveyancing firm Dott & Crossitt, from publicly calling the business model of law firm Agency Settlements illegal.
The Supreme Court of Victoria has heard that a class action centring on misleading IPO representations against software company Nuix, Macquarie Capital and former director Daniel Phillips failed to properly pl... (more story)