An insurance agency on Friday called out alleged conflicts of interest involving New South Wales' law society and attorney general within the state's "anti-competitive" mandatory legal insurance regime, drawing pushback from a legislator who said the agency should file a formal complaint.
An insurance agency on Friday called out alleged conflicts of interest involving New South Wales' law society and attorney general within the state's "anti-competitive" mandatory legal insurance regime, drawing pushback from a legislator who said the agency should file a formal complaint.
Lawcover and its owner the Law Society of New South Wales argued that its status as the sole professional indemnity insurer for solicitors in NSW helps keep prices down and coverage high, saying opening up the market to competition would actually be worse for lawyers and that its critics are a disgruntled minority.
Trade insurance claims worth billions of dollars linked to the Greensill Capital collapse will go untested in the Federal Court of Australia as insurance giant Insurance Australia Group confirmed a settlement Friday in its stoush with UBS-owned Credit Suisse.
Law firm Keily McCrosson confirmed Friday that it had filed a class action against NetWealth over the superannuation trustee's offering and monitoring of investment options in the now-collapsed First Guardian Master Fund.
The former CEO of Big Un has avoided imprisonment after being convicted in the District Court of New South Wales for tipping off a shareholder about the true financial status of the failed tech startup.
A Victorian Court of Appeals panel has refused to strike out, or exclude documents from, a dispute over an allegedly misleading $5.1 million investment in a now-liquidated financial services company, saying the documents weren't confidential and the strike out motion was brought too late.
