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Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating.
Construction PRO
The Australian Securities and Investments Commission has called for improvements in how mortgage brokers demonstrate that home loan recommendations are in customers’ best interests.
After baulking at paying for their Rolls-Royce defence, Greensill investor White Oak has been ordered to pay a total of $13 million in security to insurers IAG, Tokio Marine and BCC for their costs of a 35-day trial.
A judge won't recuse himself from hearing cases against the tax office by Macrolend and Paladin Hydrogen over concerns of apprehended bias because his wife -- a colleague on the bench -- had ruled on a related matter.
The Commonwealth has argued parliamentary privilege should apply over documents from a Hillsong Church whistleblower, who alleges she suffered harm from delays in her claims being made public.
DLA Piper has brought on a new partner from Mallesons to join its global finance practice.
ANZ has failed in its fight over insurance coverage for two class actions for which it paid settlements totalling $117 million, with a judge finding the costs were not losses under the policies at issue.
Greensill Capital's founder expressed "shock" in 2020 when concerns emerged over the validity of an IAG policy keeping his financing business afloat, telling underwriter BCC's then managing director the issue needed to be kept quiet, a court has heard.
HWL Ebsworth has defeated a former client's appeal of a $38,000 costs order, rejecting his claims of bias and lack of procedural fairness.
IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.