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High Court won’t save Lex Greensill from tax on $58M in capital gains
The High Court has shot down Greensill founder Lex Greensill's bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.
Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.
Senator Matt Canavan’s brother can probe claims against Glencore
The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.
Funder may walk if 40% group costs order rejected in Arrium class action
A funder that's helping foot the bill in a class action against Arrium's former directors and KPMG may withdraw support if the law firm that's running it is not granted an order awarding it 40 per cent of any award or settlement.
Judgment leaves ‘thousands of businesses’ with valid COVID-19 claims, class action lawyer says
An appellate victory by insurers in a test case over business interruption coverage for losses stemming from the COVID-19 pandemic does not spell the end to class actions brought on behalf of businesses whose claims were denied, according to a lawyer for the class actions.
IAG says underwriter had no authority to issue Greensill Bank trade credit policy
Insurance Australia Group has denied it owes Greensill Bank $48.5 million under a trade credit policy issued by its agent BCC, saying the underwriter was not authorised to enter into the policy.
Insurers defeat appeals in COVID-19 business interruption test cases
An appeals court challenge by a group of small businesses seeking coverage under business interruption insurance policies for losses flowing from COVID-19 restrictions has largely failed.
CBA wants more info on $45M rest break lawsuit
The Commonwealth Bank of Australia wants more details about the Finance Sector Union's allegations that it failed to provide thousands of employees with paid rest breaks for at least six years. 
Seven settles defamation suit by wrongly named Cleo Smith abduction suspect
Seven Network has settled a defamation lawsuit brought by a Nyamal man who the broadcaster wrongly identified as the suspect in the abduction of four-year-old Cleo Smith in Western Australia.
CBA class action preps for class closure nod from Full Court
Lawyers leading a class action against the Commonwealth Bank over its alleged money laundering compliance failures are getting their ducks in a row in the event the Full Court rules the court has the power to shut out unregistered group members from a class action.