The Commonwealth Bank of Australia has urged the Full Court to toss ASIC’s challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
Insurer Bond & Credit Company has lost its appeal of a decision ordering it to indemnify an Australian non-bank lender that provided $8 million in trade finance to companies in Phoenix Group shortly before its collapse.
A case brought by a shareholder advocacy group accusing Santos of misleading the market by ‘greenwashing’ its environmental credentials will centre on the meaning of the word ‘clean’, a court has heard.
A mortgage broker has lost his challenge to a tribunal’s decision to uphold a lifelong ban by the Australian Securities and Investments Commission.
Big Six firm King & Wood Mallesons has withdrawn its representation of US rapper Ye in his case against a small Melbourne restaurant after the artist reportedly failed to instruct his lawyers.
A judge has declined to stay a class action against BPS Financial, the issuer of cryptocurrency Qoin, in light of similar ASIC proceedings.
A judge has dismissed Uber’s application to trim down a class action brought by taxi and hire car drivers in four states over the introduction of UberX, finding that cutting claims related to the hire care driver group would cause “real prejudice”.
Agricultural giant Nufarm has lost its appeal of a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid plant cell, after an error by its lawyers caused the renewal to fall through the cracks.
Accounting firm Pitcher Partners has lost an application to dismiss a $127 million lawsuit by the family of race car driver Max Twigg as an abuse of process, with a judge rejecting its claim that the proceedings were deliberately delayed.
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.