The trustee for Active Super has been ordered to pay a $10.5 million penalty for misleading members about its investments in gambling, oil tar sands and Russian companies.
Russian company UC Rusal has lost a High Court leave bid after an “extremely harsh” finding that Rio Tinto was entitled to refuse alumina deliveries because of export sanctions.
The Australian Securities and Investments Commission has taken Australia’s largest super fund to court over alleged delays in processing almost 7,000 death benefit claims, which the fund has blamed on COVID-19.
A judge has rejected claims from Super Retail Group’s former top lawyer that suppression orders over details of an alleged settlement should be lifted so she can respond to the company’s “defamatory” version of events in the media, calling her claims “a bare assertion”.
A judge hearing two enforcement cases by regulators against embattled casino operator Star Entertainment has flagged the potential appearance of bias if he continues to preside over both proceedings.
Super Retail Group’s former top lawyer wants to lift a suppression order covering details of a settlement she says was reached after she was dismissed from the company.
Johnson Winter Slattery has lured a partner from DLA Piper who has extensive experience working on major energy projects.
Zenith Energy has signed a $1.9 billion refinancing, in a deal that also provides the remote off-grid power generation company with $1 billion in growth capital to support new projects.
Munich Reinsurance has been given the OK to bring additional claims in its $696 million lawsuit, which accuses AMP of misleading or deceptive conduct over a quota share agreement.
A judge has approved a $20 million settlement in a class action against NAB, despite initial concerns about the “moral hazard” of paying fees incurred by the applicant’s former lawyers to prepare “sub-optimal pleadings”.