Articles

ASIC bolsters cross border powers with landmark agreement

The Australian Securities and Investments Commission (ASIC) recently announced that it has become one of the first signatories to a new co-operative agreement between leading international securities regulators in the UK, USA, Hong Kong, British Columbia and Singapore. In our article “ASIC Bolsters Cross Border Powers With Landmark Agreement”, Special Counsel Naomi Miller reviews the […]

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By : Jul 2, 2018 Comments Off on ASIC bolsters cross border powers with landmark agreement
Case Alerts

Lost Years: The High Court rules on whether future pension entitlements are recoverable

On 13 June 2018, the High Court held that loss of future superannuation pension payments may be compensated as loss of earning capacity, but that the loss of future aged pension payments are not. In this update, our Melbourne team of Allison Hunt (Special Counsel), Andrew Seiter (Partner) and Jackson Pannam (Associate) explore the circumstances […]

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By : Jun 22, 2018 Comments Off on Lost Years: The High Court rules on whether future pension entitlements are recoverable
Case Alerts

Competing Class Actions – the Court considers how best to address the problem

With the increasing number of litigation funders and plaintiff class action law firms, the threat of multiple competing class actions in respect of the same issues and the associated increased costs are an ever increasing risk for both insurers and insureds alike.  The recent Federal Court decision of Justice Lee in Perera v GetSwift Ltd […]

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By : Jun 4, 2018 Comments Off on Competing Class Actions – the Court considers how best to address the problem
Articles

Million dollar penalty imposed on licensee for systemic failures to address best interests duty

First time the Court has imposed a penalty on an Australian Financial Services Licensee (Licensee) for breaches of the best interests duty On 30 March 2017, Justice Moshinsky of the Federal Court of Australia (Court) delivered judgment, declaring multiple breaches of s961K(2) and s961L of Corporations Act 2001 (Act) by Licensee, NSG Services Pty Ltd […]

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By : Nov 3, 2017 Comments Off on Million dollar penalty imposed on licensee for systemic failures to address best interests duty

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