Australia - - Page 17

The Rock ‘n Roll Aussie Tax Lawyer Who Has Cooked Up A Global Tax Storm

Australia, Lawyers, New Zealand Law News, NZ Featured Posts, NZ Top in LawFuel / October 25, 2020

Australian tax lawyer and rock singer Patrick Flynn, once a quiet suburban lawyer, has been thrust into the forefront of a major tax scandal involving allegation of wealthy Australians having their money funnelled into offshore accounts that echoes the Panama Papers episode that enveloped law firm Mossack Fonseca. The Melbourne Age newspaper reports that 54-year-old […]

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Look Out! Here Comes A Legal Disrupter That Actually COULD Disrupt The New Zealand Legal Market

Australia, Headlining NZ, Law Firms, New Zealand Law News / October 14, 2020

John Bowie – One of the major legal disrupters and a firm that has been described as the fastest-growing law firm in the Asia-Pacific region, is opening its doors in New Zealand from the beginning of 2021. LegalVision has become a major presence in Australia where its legal website is one of the most popular

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“Aggressive Malware” Infects Law Firm Software Systems

Australia, US Law / October 12, 2020

An aggressive malware infection has created major problems for a major law firm. Seyfarth Shaw, a global legal firm with Australian offices, said it is the victim of an “aggressive malware” attack that it believes to be ransomware. The firm, which is headquartered in the US but has a regional presence including in Sydney and

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Australian Parliamentary Committee Strongly Supports Suspension of Extradition Treat with Hong Kong

Australia, Press Releases / October 7, 2020

A federal parliamentary committee today strongly supported the Australian Government’s actions to suspend Australia’s Extradition and Mutual Legal Assistance treaties with Hong Kong. Report 190, released today by the Joint Standing Committee on Treaties follows an inquiry undertaken at the request of the Attorney-General, The Hon Christian Porter MP. “The evidence gathered by the Committee establishes a strong public foundation for

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Universities given a vital boost but must restructure funding models

Australia, Press Releases / October 7, 2020

The Australian Government’s allocation of $1 billion towards research funding will assist to offset the loss of revenue from international students, but universities must also experiment with more sustainable revenue models. Stoic Venture Capital Partner Dr Geoff Waring said while the $1B will boost the flow of innovative technology, the government’s additional $5.8M commitment to

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Westpack Hit With Largest-Ever Civil Penalty in Australia

Australia, NZ Top in LawFuel / September 24, 2020

Westpac Group (ASX: WBC) will pay $1.3 billion in penalties after admitting to breaching anti-money laundering and counter-terrorism laws on more than 23 million occasions. The penalty, if deemed appropriate by the Federal Court, will be the largest ever civil penalty in Australian legal history following proceedings brought by AUSTRAC. The bank admitted to a

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Australia Places Increased Scrutiny On Litigation Funders

Australia, Briefing / September 23, 2020

The Situation: Following a boom in class actions backed by litigation funders, the Australian Federal Government has introduced new regulations which classify litigation funding schemes as “managed investment schemes” and “financial services licensing schemes” for the purpose of the Corporations Act 2001 (Cth). The Result: From 22 August 2020, litigation funders must hold an Australian Financial Services Licence and

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The Racy, Risque Lambo Plate That Caused Offence For a Colourful Barrister Who Won His Battle . . Again

Australia, Lawyers, NZ Top in LawFuel / September 22, 2020

“I resent anyone who’s trying to violate my freedom of speech and expression.“ For high profile Australian barrister Peter Lavac a Lambo laugh over his cheeky number plate is yet another battle to be fought – and won – against the authority of the State. He claims that 99 out of 100 people wouldn’t know

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UK TEST CASE PAVES WAY FOR COVID-19 INSURANCE PAYOUTS IN AUSTRALIA

Australia, Press Releases, UK Law / September 21, 2020

The recent decision in the UK test case on business interruption insurance coverage related to Covid-19 may give an indication on how similar cases in Australia will play out, according to leading law firm Herbert Smith Freehills. The UK Financial Conduct Authority brought the case on behalf of policyholders and was represented by Herbert Smith

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Anti-money Laundering Startup First AML Raises $8 Million

Australia, New Zealand Law News, NZ Top in LawFuel, Press Releases / September 18, 2020

AUCKLAND, New Zealand, September 16, 2020 – Anti-money laundering tech startup First AML has raised NZ$8 million in a Series A funding round led by US-based Bedrock Capital, with support from Pushpay founder Chris Heaslip and Icehouse Ventures. First AML’s regulatory technology (regtech) platform streamlines AML anti-money laundering compliance for the likes of financial service providers, law firms,

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