Hong Kong Solicitor Jason Karas Sued in Australia and Lost - Ordered To Pay Millions in Damages - LK Law Pty Ltd v Karas (No 4) [2025] FCA 1461 (26 November 2025) https://www.austlii.edu.au/cgi-bin/viewdoc/au/cases/cth/FCA/2025/1461.html The Managing Partner of Mishcon de Reya ’s associated office in Hong Kong, Jason Karas, has been ordered to pay A$27.5M (£13.5 million) for moving his practice to Mishcon without his former business partner’s knowledge. Mishcon de Reya was ordered to pay A$7.8 million (£3.8m) for its role in the secret deal, and has told RollOnFriday it will appeal the verdict. Karas and Skip Lipman co-founded their law firm Lipman Karas in 2004 and together they built up offices in Australia, Hong Kong and London. Their relationship deteriorated in 2019 when Karas continually stalled Lipman’s attempts to open up their 100% equity stake to the firm’s salaried partners. As the friendship foundered, Karas approached Mishcon de Reya’s then-chairperson, Kevin Go...
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