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Paul is a litigator specialising in complex large scale commercial and corporate litigation and class actions. He acts for major corporates and board directors.
Paul acted for ASIC in civil penalty proceedings against ANZ under the Corporations Act and ASIC Act for alleged market manipulation, unconscionable conduct, misleading and deceptive conduct and breach of licence. The BBSW is the primary interest rate benchmark used in Australian financial markets (described as the Australian equivalent to LIBOR). The proceedings resolved immediately before the hearing with ANZ, amongst other things, required to pay a pecuniary penalty.
Paul also has specialist experience representing high profile board directors and senior executives in a range of regulatory investigations and prosecutions by ASIC, AFP and CDPP, and in related liquidators claims and civil proceedings, including class actions. Paul has acted for directors and executives of Allco Funds Management Ltd, ABC Childcare, Leightons Holdings Ltd, Hastie Group Limited, Mariner Corporation Limited and Arrium Limited.
Paul also has a specialist focus in dealing with funded litigation.
Paul is regularly listed as a leading lawyer in Dispute Resolution in Australia across all major legal guides (Asia Pacific Legal 500; Chambers and Best Lawyers Australia). Asia Pacific Legal 500 surveys have said of him "Paul Reidy always thinks ahead of the client anticipating what they require next".
Clients in Chambers Asia Pacific Guide have said Paul Reidy commands extensive peer respect for his handling of complex, high-stakes litigation mandates and is praised by a client as "an outstanding litigator with impeccable judgment" who is further distinguished by his ability "to anticipate issues that will be raised by opposing lawyers or the Bench" and by "a unique talent for explaining issues to business people and making appropriate recommendations to them."
Paul is also listed as one of the leading litigators in Australia by Asia Pacific Legal 500.
Acting for PPB Advisory as the liquidators of QC Resource Investments Pty Ltd in funded proceedings against the former Managing Director for loss and damage flowing from various breaches of duty to the company.
Successfully defended a ‘bet the farm’ case. Engaged by US Counsel for Metagenics, Inc. in relation to Brisbane based Federal Court Proceedings and a subsequent appeal to the Full Federal Court. The claim related to the sale of the Australian business to Metagenics, Inc. and to disputes concerning the valuation and payment of sale proceeds. The applicants sought to rescind the sale of the Australian business and ‘de merge’ that company or alternatively seek damages of $175 million plus.
Acted for a number of former directors and officers of Tamaya Resources Ltd in multiple sets of Federal Court proceedings including shareholder class actions relating to the purchase and operation of the Lichkvoz gold mine in Armenia and a copper mine in Chile.
Defending class action proceedings in the Supreme Court of New South Wales concerning alleged misrepresentations about fund investments.
Successfully defended for ex-directors in response to Supreme Court of Victoria Proceedings for insolvent trading.
Ranked as a leading Dispute Resolution lawyer.
Recognised as a leading lawyer in the category of Dispute Resolution.
Listed as a leading lawyer in Litigation
Paul Reidy is "very well regarded in the commercial litigation space", and sources characterise him as "strategically strong and clever" and "extremely responsive".
Paul Reidy earns high praise for his litigation skills from clients in the media and property sectors.
Paul Reidy is considered a "very solid and talented lawyer." He "thinks in advance and has excellent instincts," a quality which clients particularly appreciate.
Paul Reidy "always thinks ahead of the client, anticipating what they will require next."
Listed as a leading lawyer in Class Action Litigation
Listed as a leading lawyer in Alternative Dispute Resolution
New criminal offences were introduced by Federal Parliament today via the Criminal Code Amendment (Sharing of Abhorrent Violent Material) Bill 2019.
Our 2019 Half Year Dispute Resolution update details our significant case developments and wins, including our listing as a Band 1 Practice for Dispute Resolution in the Asia Pacific Legal 500 for...
The latest insights into our case developments, matters in the spotlight, and broader news in the dispute resolution space.