Law school rankings are out, and UniMelb is back in the global elite. It jumped three spots to #8 in the 2026 Times law rankings. UNSW (+6), Monash (+18) and UTS (+12) climbed, while ANU, QUT and UQ all slid back. UniMelb’s climb can be attributed to a standout research environment score. Where did your school rank? Point Blank

⚖️ Disputes/Contract: The Supreme Court of NSW has defused a dispute over an alleged $100m drafting mistake in FX Group Holdings v Perpetual, arising from a private equity exit funded by vendor finance. The deal was meant to work simply: the buyer would repay about $150m in vendor loans from dividends, then share any “super returns” above $25m with the vendors for a set period. But a clumsily drafted definition of “Equity Proceeds” arguably let the buyer deduct the vendor loan twice before sharing profits, wiping out what the vendors said was roughly $100m in upside. The Court rejected that construction, holding it cut across the commercial deal and the Heads of Agreement. Rees J also made clear that, if needed, the contract would have been rectified for unilateral mistake: HSF Kramer

⚖️ Governance: The Australasian Investor Relations Association and Governance Institute of Australia have refreshed their good practice principles on handling confidential, market-sensitive information. The guidance zeroes in on practical controls, clear internal policies, tight insider lists for confidential transactions, and contractual confidentiality and trading restrictions baked into director, employee and contractor arrangements. It also calls for disciplined wall-crossing, tracking who is brought “inside”, when and why, and early use of NDAs before engaging advisers, investors or counterparties. Advisers are also expected to run robust internal barriers to prevent staff trading on inside knowledge.

⚖️ Employment: Federal Court of Australia has pulled the plug on a blockbuster General Protections claim, overturning an earlier $5.2m win and dismissing a $55m case against Technology One after six years of litigation. On re-trial, the Court found the dismissal was about performance, not disability, workplace rights or incentive entitlements. Crucially, the employer discharged the reverse onus by leading clear evidence that explains the real reasons for termination. Costs are still live, with the prospect of adverse costs in the millions looming, a rarity under the FW Act: Wotton Kearney

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There’s trouble in paradise. The Nationals have walked from the Coalition, with leader David Littleproud saying they can’t serve under Sussan Ley. The blow-up follows the hate speech vote, where Ley backed the bill and refused to reinstate dumped Nationals senators. Littleproud says the party was forced into an “untenable position”: Capital Brief

Donald Trump has backed off his threat to impose tariffs on European countries resisting his push over Greenland. Trump claims a loose “framework” for a future deal is in place. But Danish Foreign Minister Lars Lokke Rasmussen made clear it’s obvious Trump hasn’t given up on his ambition to gain control of Greenland, which still remains “a red line for the Kingdom of Denmark”: Bloomberg

⛽️ Australian Strategic Materials jumped 120% after Energy Fuels’ ~$530m takeover bid. But in a turn of events, the US buyer is already flagging it may ditch ASM’s $740m Dubbo refinery. Energy Fuels says ore could be sent to its Utah plant instead, putting Australian processing plans in doubt as FIRB weighs in. A&O Shearman is acting for ASM, while HSF Kramer is repping Energy Fuels: AFR

📺 Netflix has flipped its Warner Bros bid to all-cash at $27.75 a share, keeping the $82.7bn price tag intact to shut down Paramount’s hostile noise. The move locks in board backing and accelerates the shareholder vote, trading stock-price uncertainty for certainty of funds as the bidding war continues: Reuters