Allens

AUSTRAC wants Star to pay a $400 million penalty for breaching anti-money laundering and counter-terrorism financing laws, while the company claims a penalty of more than $100 million would tip it into liquidation. 

Pembroke Resources has lost its appeal bid over the meaning of “restricted land” after the private equity-backed miner argued a court’s ruling could impinge on plans for a $1 billion steel-making coal mine in Queensland.

A judge has found that expert reports submitted by Clive Palmer and his company Mineralogy in a fight against CITIC over royalty payments for the Yabulu Refinery present a “fresh case" and don't comply with court orders. 

Squire Patton Boggs has recruited a private equity specialist from Allens for its Sydney corporate practice.

Allens has added a Baker McKenzie partner to its restructuring practice in Sydney. 

Rio Tinto has signed a $430 million partnership agreement with Japan's Sumitomo Metal Mining Co. to fast track development of its copper-gold project in Western Australia's Great Sandy Desert.

Gilbert + Tobin has snagged an Allens partner with expertise on major transactions and projects for its energy, infrastructure and resources group.

A court has approved a $64 million settlement in a consumer class action against the NAB units MLC Trustees and NULIS Nominees, with 69 per cent of the settlement sum to go to group members. 

The NSW Land and Environment Court has granted approval for the development of three fast food outlets on a block off the Central Coast Highway in the heritage listed suburb of Kariong, despite objections from locals.