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Keybridge to stay in administration pending Nick Bolton appeals
Keybridge CEO Nick Bolton has won a stay of orders ending the company's administration as he appeals that ruling and another that found he and two other directors were validly removed and replaced at a board meeting.
In loss for ASIC, Full Court finds crypto currency provider did not need AFSL
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
‘Confusing’ group definition struck out in Mercedes-Benz class action
A judge has struck out a circular and confusing group definition in an emissions cheat class action against Mercedes-Benz, but has given the class action the chance to replead.
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Green hydrogen company Infinite Green Energy faces winding up bid
A judge has adjourned a creditor's winding up application against Perth-based green hydrogen company Infinite Green Energy, finding the delay could lead to a better outcome for creditors.
United Petroleum franchisee class action ordered to pay $3.7M in security
A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.
Clorox hit with $8.25M penalty for greenwashing
Clorox has been hit with a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.
Construction PRO
Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
An appeals court has rejected Dexus' challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.
Construction PRO
Victoria can’t set aside disclaimer on hazardous waste at rental property
The state of Victoria can't set aside a liquidator's disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord's rights over the property and waste were not terminated by the disclaimer.
CIMIC class action funder takes $4.7M haircut from commission
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.
‘Further or in the alternative’ no problem in bovine gene patent suit: court
A group of Australia’s leading beef and dairy companies has failed to strike-out a suit alleging their genetic testing system for cattle infringes the patent of a US genomics company, with a judge rejecting objections to the phrase ‘further or in the alternative’.