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United Kingdom - December 20 2012
The English Court of Appeal’s unanimous decision in Rubenstein v HSBC Bank plc [2012] EWCA Civ 1184 (Rubenstein) suggests that financial advisers will be held to an increasingly high standard in relation to the provision of financial advice, particularly where there is a failure to take account of the investor’s personal objectives, financial situation and needs.
Australia - December 19 2012
Further to our previous review of the Victorian Court of Appeal's decision in National Australia Bank Limited v Pathway Investments Pty Ltd [2012] VSCA…
Australia - November 29 2012
On 28 November 2012, Treasury released an exposure draft of the Insurance Contracts Amendment Bill 2013 (Cth) (2013 Bill) for public consultation.
Australia - November 2 2012
In CHU Underwriting Agencies Pty Ltd v Wise [2012] WASCA 123, the Western Australian Court of Appeal has provided some useful reminders to insurers of the need to ensure that any settlement agreement binds all parties to whom the insurance cover extends – that is, including by application of section 48 of the Insurance Contracts Act 1984 (Cth).
Australia - October 2 2012
Class actions are unique as aside from the representative applicant, generally the group members who sit behind them do not have to give discovery of documents in relation to their claims.
