GRT Alert Archives
Supreme court upholds enforceability of litigation funding agreements in Queensland
A recent decision of the Queensland Supreme Court has confirmed the enforceability of commercial litigation funding agreements in class actions conducted under Part 13A of the Civil Proceedings Act 2011 (Qld).This decision is important for anyone likely to...
Secondary capital raising news: ASIC doubles share and interest purchase plan limit to $30,000
Previously, ASIC provided conditional relief from preparing Chapter 6D and Part 7.9 disclosure documents for the offer of shares and interests to existing members of an ASX listed company or managed scheme. Under that Class Order, the primary condition to qualify for...
Landmark court decision: how is a ‘day’ defined for shift workers when considering personal/carer’s leave entitlements
The Full Federal Court has recently determined how personal/carer’s leave should be calculated under section 96(1) of the Fair Work Act 2009 (Cth) (FW Act) for shift workers who do not work a standard day.In a 2-1 decision, the Court in Mondelez v...
DIRECTORS BEWARE BEFORE RELYING ON MANAGEMENT INFORMATION
The Federal Court’s recent judgment in ASIC v Vocation Limited (in liq)[1]highlights the importance of directors challenging information provided to them by management. In this case, directors were unable to justify the failure to disclose price sensitive...