The federal government has defended its world-first legislation barring social media accounts for under-16s against a High Court challenge from Reddit, arguing the law is justified by "credible risks of harm" despite a lack of scientific consensus, and has only a limited, reasonable effect on political speech.
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Govt Defends Social Media Ban Despite 'Scientific Uncertainty'

By Daniel Wilson

The federal government has defended its world-first legislation barring social media accounts for under-16s against a High Court challenge from Reddit, arguing the law is justified by "credible risks of harm" despite a lack of scientific consensus, and has only a limited, reasonable effect on political speech.

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Judge Says 'Gestalt' Can't Delay $3.25M Settlement Payments

By Daniel Wilson

The New South Wales Supreme Court refused Wednesday to let a property developer defer payments under a $3.25 million settlement with another developer, finding in a first-of-its-kind ruling that it hadn't shown a "gestalt" between the parties that justified the delay.

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Blue Sky Class Must Post $630k Costs To Credit Suisse, Oasis

By Esther Linder

A Queensland Supreme Court judge has ordered the plaintiff in a shareholder class action alleging insider trading of stock in former ASX-listed firm Blue Sky Alternative Investments Ltd to front up $630,000 in cost securities to the defendants including broker Credit Suisse Equities, hedge fund Oasis Management and its owner Seth Fischer, and directors of a research group who wrote a report downgrading the value of the now-liquidated company.

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OneSteel Creditors Meeting Delayed For 3rd Time

By Antony Scholefield

The Federal Court of Australia has extended the convening period for the second creditors' meeting of OneSteel Manufacturing to March 31, 2027, noting that the steelmaker's administrators expect a sale not to yield any material return for ordinary unsecured creditors.

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Nuvei Wins $1.95M Escrow Fight Over Till Tax Liability

By Esther Linder

A New South Wales Supreme Court judge has ruled that payment provider Nuvei is owed just under $2 million that was held in an escrow account in a dispute over potential tax liability stemming from convertible notes issued by Till when the fintech was sold to the payments company in 2023.

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Mayne-Sun US Settlement Keeps Generic Imvexxy Out Til 2032

By Antony Scholefield

ASX-listed Mayne Pharma announced a settlement in a US patent dispute with Sun Pharmaceuticals Industries Ltd. on Wednesday over an oestradiol vaginal insert used to treat symptoms of menopause, with Sun agreeing not to enter the US market with a generic version until 2032.

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Developer Gets 9 Years For $2.2M Investor Fund Fraud

By Emma Knuckey

A former Queensland property developer was sentenced to nine years in prison on Tuesday after he pleaded guilty to fraud involving more than $2.2 million of investor funds intended for five property developments.

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Golf Buggy Maker MGI Sues Rival Alphard in Patent Dispute

By Garry West

Electric golf and push buggy maker MGI Golf Pty Ltd launched a patent suit against competitor Alphard Golf Australia Pty Ltd in the Federal Court of Australia on Tuesday.

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PEOPLE

Justice Nichols Joins Victorian Court of Appeal

By Olivia Thomson

Supreme Court of Victoria Justice Lisa Nichols has been appointed to the Victorian Court of Appeal, the court said in a statement on Tuesday, adding Megan O'Sullivan KC will replace Nichols in the Victorian Supreme Court.

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Mallesons Special Counsel Joins IP Specialist Griffith Hack

By Emma Knuckey

Former Mallesons special counsel James Robb has joined intellectual property firm Griffith Hack as a principal and practice group leader of its law & trade marks practice, according to a statement from Griffith Hack's parent group IPH Limited, an ASX-listed intellectual property services group on Wednesday.

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Justice Emerton To Lead Victoria's First Sentencing Review

By Olivia Thomson

Former Court of Appeal of the Supreme Court of Victoria President Justice Karin Emerton will conduct the first independent review into the state's sentencing legislation since it took effect in 1992, Victorian Attorney-General Sonya Kilkenny announced on Tuesday.

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LAW FIRMS IN TODAY'S NEWS

Arnold Bloch

Banco Chambers

Barry Nilsson

HSF Kramer

Jones Day

Slater and Gordon

Wotton & Kearney

COMPANIES IN TODAY'S NEWS

Abaca

Blue Sky Alternative Investments Ltd.

BlueScope Steel Ltd.

Credit Suisse Group AG

Ernst & Young LLP

Instagram Inc.

LinkedIn Corp.

M Resources

Meta Platforms Inc.

Reddit Inc.

Sun Pharmaceutical Industries Ltd.

Teva Pharmaceutical Industries Ltd.

TherapeuticsMD Inc.

TikTok Inc.

YouTube Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

Supreme Court of New South Wales