Daily Legal News & Analysis for Australian Lawyers | Lawyerly
Dec 24, 2024 · Judgment ‘In all circumstances unconscionable’: ASIC wins case against forex broker. A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.
Judge slashes contingency fee in Insurance Australia class action
2 days ago · A judge has slashed Slater & Gordon’s proposed 33 per cent contingency fee in a consumer class action against Insurance Australia, saying it was too high since there was nothing “particularly novel” about the case.
Latest Legal News in the Australian Insurance Industry - Lawyerly
Dec 19, 2024 · Maurice Blackburn should provide $1.77 million in security in a class action over add-on insurance because the firm faces high risks in other class actions which could affect its ability to cover an adverse costs order, a court has heard.
Victorian Courts & Law: Legal News & Analysis - Lawyerly
Dec 20, 2024 · A class action against Toyota Finance has argued it can add new claims that are out of time because Victorian courts cannot factor in the loss of limitations defences in deciding whether to allow amendments.
Lawyers already tackling money laundering risks, new report shows
Oct 9, 2023 · As the federal government mulls changes that would make lawyers subject to Australian’s anti-money laundering and counter-terrorism financing regime for the first time, the Law Council of Australia says a new report shows that risks can be addressed without imposing “an extreme, disproportional and potentially damaging AML/CTF regime.”
As money laundering reforms pass, Law Council to keep up calls …
Nov 29, 2024 · Legislation forcing lawyers to dob in clients suspected of money laundering has passed, but the peak legal body has vowed to continue its push for limits to the new law.
Queensland Courts & Law: Legal News & Analysis - Lawyerly
Dec 10, 2024 · The Queensland government is facing a class action by police officers and staff who faced disciplinary action for refusing to get the COVID-19 vaccine or were vaccinated under protest following a court decision.
Tougher penalties floated for improper legal privilege claims
Jan 3, 2025 · The federal government has released a discussion paper on the use of legal professional privilege claims in Commonwealth investigations amid concerns that such claims are being deployed “improperly,” outlining possible reforms including the appointment of special LPP registrars to resolve disputes.
ANZ, OnePath to pay $50M in super class action settlement
Oct 3, 2024 · Big Four bank ANZ and superannuation trustee OnePath will pay $50 million to settle a class action brought on behalf of super members allegedly charged excessive fees.
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