Federal Court of Australia Justice Michael Lee said he hopes and expects AI to transform expert evidence so human experts are less prominent in the "expensive middle" of cases in a bid to cut the costs of complex litigation.
Federal Court of Australia Justice Michael Lee said he hopes and expects AI to transform expert evidence so human experts are less prominent in the "expensive middle" of cases in a bid to cut the costs of complex litigation.
Real estate investment giant Dexus has been ordered to pay almost $30 million in legal costs to fellow shareholders of Australia Pacific Airports Corporation (APAC) by the Supreme Court of NSW following the high-profile dispute that Justice David Hammerschlag noted was "a very expensive exercise."
Australia's corporate regulator is seeking leave to appeal a ruling clearing three former Rex directors of duty breaches over its 2023 profit forecast, days after securing a four-year management ban and $800,000 penalty against its former chairman.
Two units of U.S. pharmaceutical giant Johnson & Johnson have hit Australian generic drugmaker Lupin AU with a patent infringement suit in the Federal Court over Lupin's generic version of blood pressure medicine Opsumit, their fourth similar suit brought against rival drugmakers in the last six weeks.
The Supreme Court of New South Wales has ordered the company that bought bankrupt publican Jon Adgemis' former Bondi Beach hotel to pay Vantage Point Asset Management Special Opportunities $6 million in damages for breaching a commitment to hand over a GST refund.
The Australian Prudential Regulation Authority has given superannuation funds an extra two months to submit asset-allocation data after industry groups raised concerns about tight implementation deadlines, according to its consultation response released Tuesday.
The Reserve Bank of Australia warned on Monday that rising retirement withdrawals and liquidity demands could test the superannuation sector's ability to stabilise financial markets during future shocks.
The Therapeutic Goods Administration said on Tuesday that it is moving to develop regulations for sunscreens sold in Australia following a consumer outcry over the largely unregulated product's efficacy.
Former Maddocks' senior associate Madison Davies and former Herbert Smith Freehills Kramer executive counsel Timana Hattam have joined Young's List, the law firm announced on Monday.
While private equity structures such as novel break fees and warranty and indemnity protections are now increasingly used in public mergers and acquisitions, these risk allocation mechanisms need to be adapted to succeed in regulated public equity transactions, says Andrew Gaffney at K&L Gates.
