Jones Day raided Corrs Chambers Westgarth, pinching three litigation partners in Melbourne. Matthew Critchley, Alicia Salvo and Brendon Clarke have now officially started at the US giant. Critchley was the former Corrs’ head of Melbourne commercial litigation. The raid bolsters Jones Day's 30-partner Australian disputes bench: Point Blank, Jones Day

⚖️ IP: The High Court has backed Australian designer Katie Taylor (née Perry) over pop star Katy Perry in a trade mark stoush over the name "Katie Perry" on clothing. In a 3-2 split, the majority overturned the Full Federal Court's finding that Taylor’s mark should not have been registered because of the singer’s reputation at the time. Taylor applied for the mark in 2007; Perry's own mark, registered in 2011, only covered recordings and entertainment, not apparel. Taylor didn't know of the singer when she first applied in 2007. The majority held that didn't matter: not a single item of Katy Perry branded clothing had been sold in Australia before Taylor's priority date, and a pop star's general habit of selling merch couldn't establish a relevant clothing reputation here. Corrs Chambers Westgarth acted for the pop star: Lawyerly, Capital Brief

⚖️ Disputes: Two recent Supreme Court decisions show courts are increasingly willing to grant injunctions to enforce contractual obligations. In WA, Alinta secured an order compelling contractors to deliver up battery components after termination, where title had passed on payment and replacements weren't available at market. In Victoria, Boroondara City Council obtained a mandatory injunction requiring ADCO Group to procure a parent company guarantee it had failed to provide, with the court finding damages were inadequate given the PCG's purpose was to protect against the very risk of non-performance or insolvency: Allens

⚖️ Compliance: Lululemon has copped a $703k penalty from the ACMA for sending over 370,000 emails without an unsubscribe link, in breach of spam laws. While the emails were primarily transactional (order confirmations, shipping updates), they also contained promotional content and links to sales. That made the emails commercial messages under spam rules. This is the ACMA's fifth enforcement action in 18 months on this exact issue, with CBA, Telstra, Pizza Hut and Luxottica all stung before: ACMA

The TikTok generation is clashing with old-school Wall Street culture. Four young Wall Street bankers at Goldman Sachs and Barclays landed in hot water after a glossy “finest boys in finance” Interview magazine photo shoot went viral, decked out in Loro Piana and Hermès. In an industry where you earn the right to be seen over decades, not in a few reels, the stunt reportedly drew backlash at the firms. One insider said they'll score a zero for upholding firm values — you know you’re in trouble when bankers start discussing values: Business Insider

Matt Canavan's new gig as Nationals leader has one clear brief: take the fight to Pauline Hanson. He's already swinging, questioning which hospital or road she's ever delivered for Queensland. Hanson fired back by calling him "woke", which might be a first for the bloke from central Queensland: ABC News

⚒️ South32 is emerging as a frontrunner for BHP's West Musgrave copper-nickel project as BHP's non-core nickel sale process hits the pointy end. The copper upside is the main draw, with global supply increasingly tight. Macquarie Capital and UBS are running the sale: The Australian

💰 Pershing Square is having another crack at the IPO market, bundling a new closed-end fund (Pershing Square USA) with shares in Bill Ackman's management company. He's targeting US$5bn to US$10bn after a US$25bn attempt flopped in 2024. Citi, UBS, BofA, Jefferies and Wells Fargo are leading: AFR