Topic: Liability and Compliance

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Court opens the way to a class action rush

A landmark court decision could usher in another wave of class action litigation with cases to be larger and more complex than ever before.

New legal opinion connects directors’ duties and climate change risks

Directors need to be considering how climate change might affect their business or they could be opening themselves up to litigation, a Sydney silk argues in a new legal opinion. Louise Petschler, the...

Dealing with the threat of the class action 'new normal'

Companies and boards are under threat of class action litigation more than they ever have been before, a report by law firm King & Wood Mallesons shows. Directors must understand where they are vulner...

Director's Counsel: Higher directors duties explored by Federal Court

In his lengthy judgment in Trilogy Funds Managements Limited v Sullivan & Ors (No. 2) 2015 FCA 1452 (Trilogy), Justice Wigney in the Federal Court has strongly argued that the duties of directors in m...

Former Kleenmaid director sentenced to nine years’ jail

A recent decision by the Queensland District Court reminds Australian directors of their liabilities, with ASIC and the Court sending a clear message that fraud and insolvent trading will not be toler...

Morals or medals: Governance, drugs and the Olympics

With competition heating up at the Rio games, whistleblowers are leading the fight to keep sport clean. But will sports organisations choose to put morals over medals?

Don’t get tripped up by directors’ liability

Andrew Yeo outlines six common liability traps that often ensnare company directors.

Are courts easing the way for shareholder class action claims?

How to prove causation in shareholder class actions has long been contentious. Herbert Smith Freehills examines how a recent case may steer the debate.

Submission to IASB Exposure Draft Classification of Liabilities Proposed amendments to IAS 1

IASB Exposure Draft, Classification of Liabilities, Proposed amendments to IAS 1On 10 June 2015, the AICD lodged a submission with the International Accounting Standards Board in response to its expos...
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