Allens

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.

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.

Investor White Oak on Tuesday fought back against a push by IAG and Tokio Marine for over $15 million in security on the eve of trial in its case over the collapse of Greensill Capital, saying the insurers' Rolls Royce approach was unreasonable now that the bulk of the $7 billion litigation had settled.

Allens, along with fellow Big Six firm Clayton Utz, has joined a leading data centre lobbying group to promote national reforms that will bring greater certainty to data centre developments.

A judge has found that RAMS breached its duty of good faith by terminating a franchise agreement on Westpac’s recommendation without resolving concerns about the evidence backing its decision, but tossed unconscionable conduct claims against the home loans business.

A judge has raised concerns that lengthy expert reports filed by AUSTRAC and Entain in the regulator’s AML/CTF case have strayed into expressing “positively unhelpful” opinions.

Activists have a court's greenlight to amend their case against gas giant Woodside and the Western Australia environment minister over approval for the 40-year extension of the North West Shelf off the state's coast.

Insurance Australia Group said Friday it had settled the $2.8 billion claims of Credit Suisse over the collapse of supply chain financier Greensill Capital.

A judge has set down the start of trial in Greensill investor White Oak's case against Insurance Australia Group, as the insurer finalises its settlement with Credit Suisse and UBS over the collapse of the supply chain funder.

The ACCC has opposed Insurance Australia Group's planned $1.35 billion acquisition of RAC Insurance of Western Australia, despite a five-year undertaking by IAG.