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Massive penalties, more contracts caught by exposure draft legislation for unfair contract terms reform open for comment

Australia - August 24 2021 Businesses face massive pecuniary penalties for including or relying on unfair contract terms (UCTs) in standard form consumer or business contracts…

Ian Bloemendal, Michael Corrigan, Steven Klimt, Adrian Kuti, Bruce Lloyd, Elizabeth Richmond, Joel Von Thien, Kirsten Webb, Mihkel Wilding.

The Federal Court applies the unfair contract term laws to some common provisions in finance agreements

Australia - August 19 2021 2021 has been a significant year for the unfair contract term (UCT) laws due to the extension of the laws to insurance contracts that are subject to…

Continuous disclosure reforms, the new mental element for civil penalty actions, and shareholder class actions

Australia - August 16 2021 Australia's continuous disclosure laws have now been amended such that breaches of Continuous Disclosure Obligations will only attract civil…

Fred Prickett, Ananya Roy, Jonathan Slater.

Unfair contract terms 05: Unilateral variation clauses

Australia - April 29 2021 2021 is a significant year for the laws concerning unfair contract terms (UCTs). This is due to the expansion of the laws to cover various contracts…

Reforming Australia's litigation funding and class actions 03: continuous disclosure laws

Australia, United Kingdom, USA - April 15 2021 Of all the 31 recommendations made by the Parliamentary Joint Committee on Corporations and Financial Services' report, Litigation funding and the…

Fred Prickett.