Australian

Uber Agrees to $178 Million Settlement, Resolving Lawsuit with Australian Taxi Drivers

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SYDNEY, Australia – Uber has agreed to pay $178 million to settle a lawsuit with Australian taxi drivers, according to a law firm involved in the case. The plaintiffs, including the New South Wales Taxi Council and the Victorian Taxi Families group, accused Uber of operating illegally and causing a decline in the value of their taxi licenses. The settlement, believed to be one of the largest in Australian legal history, ends a class action that was brought against Uber in 2017. Uber will pay a total of AU$138 million ($103 million) to the taxi … Read more

Australian Court Delivers Landmark Decision in Favor of Crypto Industry, Dismissing Regulatory Case Against Finder Wallet

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SYDNEY, Australia – In a significant victory for the crypto industry, an Australian Federal Court has made a “landmark” judgment that dismissed a case brought by the country’s market regulator against Finder Wallet. The case alleged that the Finder Earn product offering violated the Corporations Act by operating as a financial services business without the necessary license. However, the court ruled in favor of Finder Wallet, stating that the Australian Securities and Investment Commission (ASIC) failed to prove that the product was a debenture. As a result, ASIC has been ordered to pay the defendant’s … Read more

Proposed Changes to Australian Law on Sexual Harassment Cases Raise Concerns of Clogged Courts and Unmeritorious Claims, Warns Law Council

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CANBERRA, Australia – The Law Council of Australia has expressed concerns over proposed changes to legislation that would remove cost barriers for applicants in sexual harassment and discrimination cases. The legal body warned that such changes could lead to an influx of “unmeritorious” claims and overload the court system. In its submission to a parliamentary inquiry hearing, the Law Council stated that the bill presented by the Labor Party tilts the balance heavily in favor of accusers and places the financial risk on those being accused. The proposed cost protection amendments, introduced by the federal … Read more