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The CDPP's decision to drop all criminal cartel charges against two banks and four individuals in a "test case" over a $2.5 billion ANZ share placement shows the ACCC "lacks expertise and objectivity" on the financial markets and should leave them to ASIC to regulate, according to one of the former accused.
In a stunning reversal, the Commonwealth Director of Public Prosecution has dropped all criminal cartel charges against two investment banks and four individuals in relation to a $2.5 billion ANZ share placement, four years after the charges were brought following an allegedly questionable investigation by the ACCC.
The Australian Securities and Investments Commission is challenging a ruling that threw out half the criminal charges against direct bank Members Equity, arguing the statute of limitations doesn't apply to serious corporate misconduct.
Food giant Cargill Australia has won its lawsuit against Glencore-owned Viterra alleging it misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.
The influence of an unvaccinated "iconic world tennis star" on the young and impressionable was not fanciful, the Full Federal Court has said in reasons for throwing out Novak Djokovic's challenge to his deportation from Australia.
Tennis star Novak Djokovic's challenge to the Immigration Minister's decision revoking his visa was unanimously dismissed Sunday, clearing the way for his removal and crushing his hopes for another Australian Open title.
The world's No. 1 men's tennis player Novak Djokovic has won a court challenge to the cancellation of his visa, with a judge ordering his immediate release from detention.
A judge has voided contracts between the Morrison government and a subsidiary of Empire Energy for gas exploration in the Beetaloo Basin after finding the decision to enter the agreement in the midst of litigation was "legally unreasonable or capricious".
Eight companies in the Dubai-based Emirates Group have lost a court bid to recoup more than $10.5 million paid to Australian staff during the COVID-19 pandemic on the mistaken belief that the money would be repaid as part of the federal government's JobKeeper subsidy scheme.
The Morrison government decision's to enter into a contract with a subsidiary of Empire Energy for gas exploration in the Beetaloo Basin was an effort to "stymie" climate change litigation brought against the federal resources minister, a court has heard.