Most Recent
CIMIC loses appeal against insurers over coverage for Iraq bribery cases
Insurers have won a challenge to a declaration that engineering firm CIMIC could make claims under policies for costs arising from corruption cases, including a $32 million class action settlement.
Super Retail appeal to have ‘significant impact’ on settlements, court told
Super Retail's appeal of a decision refusing to suppress the terms of an alleged settlement with its former top lawyer raises important questions about without prejudice negotiations, a court has heard.
REST’s reliance on law firms’ advice a winning defence in ASIC case
A judge has tossed ASIC's case against REST over alleged misleading representations, finding the representations were statements of opinion reasonably held based on the advice of lawyers.
Herbert Smith Freehills snags Allens tax partner
A transaction tax specialist from Allens is the latest partner to join Herbert Smith Freehills' growing national tax practice.
AUSTRAC claims Star walked back admissions in money laundering case
AUSTRAC has taken The Star to task for making statements that are inconsistent with admissions the casino has made in the regulator's case over its alleged failure to comply with its money laundering obligations.
Superannuation class action against Westpac unit to be discontinued
A class action targeting Westpac subsidiary BT Funds Management and Tal Life Insurance is set to be discontinued less than a year after it was filed.
Claims in $40M class action against Whitehaven Coal ‘fanciful’, court told
Whitehaven Coal has struck back at a class action led by the father of famed mining investor Nathan Tinkler, calling the claims that it failed to fulfil an implied term of a $150 million share subscription from 2012 "fanciful".
Whitehaven Coal shareholders ‘trapped’ after 2012 acquisition, class action trial told
Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are "trapped" after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.
Judge rejects NAB’s bid for class closure in Walton class action
The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.
Corrs Chambers Westgarth poaches regulatory ace from Allens
A managing associate at Allens who specialises in regulatory investigations and financial crime is joining the Corrs Chambers Westgarth partnership as a member of its investigations and inquiries practice group.