Industries

Defunct forex broker Union Standard and its former agents have been hit with a combined $300.2 million penalty for “egregious” contraventions, including deliberately pushing risky derivative contracts onto inexperienced investors.

A Mitre 10 franchisee’s case alleging Bunnings engaged in anti-competitive conduct by launching a $36 million store in regional Queensland will have significance for other independent hardware retailers that have closed down, a court has heard.

A class action alleging Sportsbet provided unlawful gambling services plans to cross-examine its CEO over his claim the company would not have offered the bets if it knew they were illegal, with the court hearing he relied on legal advice. 

Oral care company Hismile has paid $138,600 in penalties after the consumer watchdog issued it with seven infringement notices over alleged false and misleading social media advertisements.

Venture capital firm EVP has won court approval to pursue claims against bankrupt Strongroom AI founder and former director Christopher Durre.

JB Hi-Fi will refund customers over $250,000 after the consumer watchdog raised concerns the electronics retailer's 'was/now' pricing campaign was misleading. 

A court has dismissed a bid to temporarily block a deed of company arrangement for Halo Tower developer FT Sydney, after hearing an injunction might jeopardise a sale to Cbus Property, set to settle in July.

The forced divestiture of Dexus' stake in airport operator APAC will proceed, after a court on Friday discharged injunctions temporarily blocking the sale amid a dispute over the disclosure of confidential information.

Airport baggage handling company Alstef Australia is trying to halt Brisbane Airport Corporation from calling on $13.4  million in bank guarantees, in a dispute over a contract for works to upgrade the baggage system at the airport's domestic terminal.

A judge has rejected claims by a Neil Mansell unit that comments he made at a mention in February made it appear he had a “closed mind” in deciding a long-running dispute over a Sunshine Coast quarry.