AUSTRAC
Star hit with $260M fine for ‘egregious’ money laundering failures
A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime.
Insurance
Final case over Greensill collapse settles against IAG, Tokio Marine
Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.
ASIC
QBE to contest ASIC penalty over misleading discounts
Insurer QBE will dispute ASIC's proposed penalty after admitting that its pricing model misled customers.
Competition & Consumer Protection
Coles’ acquisition of Kalgoorlie site will force IGA out, tribunal told
The owner of an IGA store in Kalgoorlie has told a tribunal that Coles’ proposed acquisition of a nearby site will push it out of the market, leaving consumers worse off.
Competition & Consumer Protection
REA must produce Deloitte comms in Domain’s ‘9 in 10 buyers’ suit
REA Group must hand over communications with Deloitte in draft versions of a report said to back the real estate listing giant's promotional claim that '9 in 10 buyers' find a home on its site, a claim rival Domain says is misleading and deceptive.
Employment
Former ISGroup boss mostly defeats strike-out bid in dismissal case
Sacked boss of ISGroup Roy Mellon has largely defeated a bid to strike out his reply to the surveying company's defence, with a judge saying he was entitled to dispute the reasons given for his dismissal.
Defamation
Law firm joined as defendant to row with cavoodle defamation client
Defamation boutique Giles George has won a bid to be joined as a defendant in a case involving its former client, Sydney barrister Gina Edwards, after arguing it was barred from filing documents as a non-party.
Class Actions
Class action probe targets Uber over driver misconduct claims
Uber is facing a class action investigation on behalf of women riders who have been subjected to assault, harassment or other misconduct by drivers.
Employment
Wotton Kearney faces Fair Work suit by former senior associate
A former senior associate at Wotton Kearney has brought a Fair Work case against the law firm, alleging he was unfairly dismissed from his role.
Business of Law
Sydney primed to become a global legal hub, report says
Sydney has the legal talent, a speedy court and the necessary arbitration facilities to become an international legal hub, but needs government backing and a stronger pitch to the world, according to a new report.
