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AMCI founder’s sacking of Australian boss not valid, court says
In the latest chapter of a feud between billionaires Fritz Kundrun and Hans Mende, the co-founders of global commodities firm AMCI, a court has found the sacking of the group's Australian managing director was invalid.
Good Guys hit with $13.5M penalty for misleading customers about store credit
A judge has signed off on a $13.5 million penalty agreed to by retailer The Good Guys for making misleading statements about store credit and StoreCash schemes to customers.
‘Inordinate and disproportionate’: Judge slams ASIC’s case against lender Money3
A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an "inordinate and disproportionate amount of the judicial and administrative resources of the court".
Receivers appointed to Australian Fiduciaries entities amid probe over missing $167M
A court has appointed receivers to two entities of collapsed asset manager Australian Fiduciaries amid concerns by the corporate regulator that $167 million in funds have been misused, including to buy $600,000 in luxury cars.
Dishonesty charge against lawyer an ‘unfortunate, unnecessary overreach’: tribunal
A tribunal has taken aim at ACT's legal watchdog for its "overreach” in pursuing a dishonesty charge against a lawyer, who claimed he was duped by a client.
Lander & Rogers hires new disputes partner from Holding Redlich
Lander & Rogers has welcomed an administrative law pro as a partner in its Sydney-based commercial disputes team.
Construction PRO
Quasar Constructions-linked company must disclose assets to liquidators
An entity associated with James Crawford, the director of defunct Sydney builder Quasar Constructions, has been ordered to disclose all of its assets to the company's liquidators as they look to track down funds from the sale of properties.
Construction PRO
Sharvain directors succeed in narrowing discovery in case by freight company
The directors of defunct Sharvain Facades have won a bid to narrow the scope of documents they must produce in a case by Commercial Freight and Logisticsw, which claims an equitable lien over real estate.
ACCC raises concerns over IAG’s proposed $1.3B takeover of RACWA
The competition watchdog has raised concerns that IAG’s proposed $1.35 billion acquisition of the RACWA's insurance operations could substantially lessen competition.
Construction PRO
‘Clearly untenable’: Court tosses CPB Contractor’s $63M disruption delay costs claim
A judge has struck out builder CPB Contractor's “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.