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Electronics leasing company Thorn Australia has been ordered to indemnify the receivers of Castel Electronics for a $900,000 settlement with the Commonwealth after a failure to account for priority entitlements owed to workers.
The Australian Grand Prix Corporation will pay $2.84 million in damages for losses incurred by concert organisers for the cancellation of the 2020 Melbourne Formula One cup and a related Robbie Williams concert during the COVID-19 pandemic.
Atomos' former US-based CEO -- who was fired after she failed to relocate to Melbourne -- has lost her fight to stay the video technology company's lawsuit, with a judge finding the dispute over a bridging loan for the international move should be decided under Australian law.
The High Court has agreed to weigh in on whether Mitsubishi can be sued over allegedly misleading fuel efficiency representations on a label affixed to the windshield of a Triton 4WD that was required by law.
Liquidators for collapsed forestry giant Gunns Plantations have lost a High Court appeal over $1.2 million in payments to a former supplier that confirmed the so-called peak indebtedness rule does not apply in Australian insolvency law.
Insolvency practitioners are holding their breath as the High Court hears a case that could abolish a key rule used by liquidators in recouping payments to unsecured creditors at a time when the industry is bracing for a possible recession.
A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.
Mitsubishi Motors has lost its legal challenge to a decision that found it made misleading fuel efficiency representations on a label affixed to the windshield of a Triton 4WD sold in 2017.
The High Court will clarify the so-called peak indebtedness rule used by liquidators recouping payments to unsecured creditors, granting a special leave application brought by the liquidators of collapsed forestry giant Gunns Group.
Mitsubishi has denied class action allegations that it made misleading fuel efficiency representations on labels affixed to the windshields of over 70,000 Triton Utes, and says it can't be sued under the Australian Consumer Law because the labels were required by law.