Christine Caulfield

ANZ has failed in its fight over insurance coverage for two class actions for which it paid settlements totalling $117 million, with a judge finding the costs were not losses under the policies at issue.

The defunct developer behind the planned Pentridge Village project in Melbourne can't defer costs in failed proceedings against the project's financiers, despite a foreshadowed new suit against them. 

AI data centre operator Firmus has scrapped its plans for an initial public offering that valued the company at over $44 billion.

Greensill Capital's founder expressed "shock" in 2020 when concerns emerged over the validity of an IAG policy keeping his financing business afloat, telling underwriter BCC's then managing director the issue needed to be kept quiet, a court has heard.

IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.

A judge overseeing the trial in a case against a group of insurers over the collapse of Greensill Capital has ruled that a report by a Japanese law firm is privileged despite the absence of legal professional privilege in Japan.

Telstra has secured a court-enforceable undertaking from the former head of its technology services arm following his move to rival Vocus, which bars him from any involvement in product development in his new job until next year.

The Australian Securities and Investments Commission has launched enforcement action against an Interprac authorised representative who allegedly promoted the failed First Guardian investment fund to hundreds of clients.

China's state-run CITIC has lost an appeal bid to the High Court in its long-running battle with Clive Palmer over the $12 billion Sino Iron project in Western Australia.

Investor White Oak on Tuesday fought back against a push by IAG and Tokio Marine for over $15 million in security on the eve of trial in its case over the collapse of Greensill Capital, saying the insurers' Rolls Royce approach was unreasonable now that the bulk of the $7 billion litigation had settled.