Australia - September 11 2012 In our June 2012 update, we reported on the Insurance Contracts Amendment Act 2012 (Cth) (Act) and its effect for underwriters writing home building and contents cover.
Australia - September 11 2012 On 10 February 2012, Bromberg J delivered his reasons on an application by PricewaterhouseCoopers (PwC) that various Centro Group (Centro) entities be compelled to produce specified documents for inspection.
Australia - June 8 2012 The Insurance Contracts Amendment Act received Royal Assent on 15 April 2012 (the Act).
Australia - June 8 2012 At the end of 2011, the Federal Government introduced two draft Bills directed at clamping down on companies that engage in “phoenix” activity.
Australia - March 13 2012 The NSW Court of Appeal has delivered the most recent challenge to the Australian litigation funding industry, finding that a funding agreement was unenforceable on the basis that the litigation funder was dealing in a ‘financial product’ without an Australian Financial Services licence.