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Garrett Williams Piper Alderman

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Indemnity clauses in commercial contracts: how to achieve desired contractual risk allocation

Australia - June 7 2011 An indemnity clause is a contractual transfer of risk between two contractual parties generally to prevent loss or compensate for a loss which may occur as a result of a specified event....

Simone Selkirk.

Legal professional privilege: with privilege comes responsibility

Australia - March 4 2011 Legal professional privilege, also known as client legal privilege, is a client's immunity from being compelled to disclose certain confidential communications between themselves and their lawyer....

Simone Selkirk.

Record $14 million penalty for misuse of market power: ACCC v Cabcharge

Australia - December 16 2010 The Federal Court has imposed a record penalty for misuse of market power, after the Respondent (Cabcharge) settled with the Applicant (ACCC) and was fined $14 million for contravening section 46 of the Trade Practices Act (TPA)...

Malcolm Quirey.

Improving accountability: draft legislation to give shareholders unprecedented power over the remuneration of company executives

Australia - March 17 2011 On 23 February 2011, a Bill was introduced into the house of representatives in a bid to curb excessive and inappropriate remuneration practices by company executives....

More power for shareholders: the clawback of executive remuneration

Australia - April 19 2011 To ensure that Australia's remuneration framework promotes responsible remuneration practices that are in line with community expectations, the government has released a discussion paper on a further proposal to clawback remuneration where a company's financial statements are materially misstated....