Michael Gvozdenovic

The applicant in a failed class action against former NAB super fund trustee NULIS Nominees over $165 million in conflicted remuneration has won High Court leave to challenge the dismissal of his case.

Former NAB super fund trustee NULIS Nominees has urged the High Court to reject a special leave application in a failed class action over $165 million in conflicted remuneration, saying the appeal is highly fact-specific and doesn't raise a matter of public importance.

A fight over the sale of Dexus' shares in Melbourne Airport operator APAC “may well” go to the High Court, a judge said Friday, as the infrastructure asset manager tells the court the sale may be in the “many billions of dollars".

Dexus is challenging the costs claimed by its opponents in a case over the sale of shares in Melbourne Airport operator APAC, calling out billed items that include after hours Uber Eats charges. 

Super trustee REST Nominees has dodged indemnity costs but is still on the hook for paying a "cast of thousands" after losing a bid to temporarily block the sale of the Dexus bloc of shares in Melbourne Airport operator APAC.

The ACCC should consider whether a pleading might be “more efficient” in its case against a debt collection agency that also brings "serious allegations" against an associated legal practice, a judge has said.

Airport operator APAC says a default notice sent to Dexus over confidentiality breaches is at least valid against shareholders that initiated a botched sales process, hedging its bets in an appeal of a ruling that forces a sale of the asset manager's entire stake.

Dexus' decision to resist an undertaking as part of a deal to temporarily block the compulsory sale of its shares in airport operator APAC has been criticised by a judge for resulting in an "appalling waste" of time and money.

A failed class action against former NAB super fund trustee NULIS Nominees over $165 million in conflicted remuneration has asked the High Court to revive the case and provide clarity on the fees for-profit trustees can charge for their compensation. 

Super fund trustee REST Nominees is the first of the Dexus bloc of APAC shareholders to challenge a finding that a default notice issued by the board of the airport operator was valid.