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Federal Court highlights principles in determining civil penalties

Australia - September 16 2020 The Federal Court’s decision in the Australian Securities and Investments Commission’s (ASIC’s) fee for no service proceedings against certain...

Vincent Giang, Jacob Saulwick.

NSW Court of Appeal confirms settlement of class actions still a tricky proposition

Australia - April 24 2020 The NSW Court of Appeal has held class closure orders which extinguish the rights of unregistered class members before settlement approval or final...

Richard Harris, Rebecca Spigelman, Philippa Hofbrucker, Alice Pailthorpe, Kate Bouffler, Colleen Platford, Matt Mackenzie.

Directors’ duties: shareholder support is no defence

Australia - April 2 2020 On 27 March 2020, the Full Court of the Federal Court handed down its decision in Cassimatis v Australian Securities and Investments Commission...

Alexandra Whitby, Ahmed Rizk, Jacob Saulwick.

The High Court rules: Common fund orders are out

Australia - December 4 2019 In the most significant class action decision from the High Court in over a decade, a majority of the High Court has today held that the Federal...

Richard Harris, Rebecca Spigelman, Alice Pailthorpe, Dion Meogrossi, Colleen Platford, Matt Mackenzie.

Market-based causation gets the green light

Australia - October 24 2019 Federal Court confirms that shareholders affected by continuous disclosure breaches don’t need to establish individual reliance. Yesterday’s Federal...

Richard Harris, Daniel MacPherson, Rebecca Spigelman, Harish Ekambareshwar, Alice Pailthorpe, Colleen Platford, Andrew Floro, Matt Mackenzie, Kate Harrison.