As the High Court hears oral arguments this week on the reach of power to make common fund orders for firms and funders bringing class actions, Lawyerly gives a cheat sheet on what the justices could do.
A judge has imposed penalties against Star’s former managing director and former CFO as part of settlements reached with the corporate regulator, as trial against nine other executives continues.
An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.
Star’s former managing director Greg Hawkins has reached a mid-trial settlement with the corporate regulator in its case over the casino operator’s alleged lax money laundering compliance.
Gas giants Esso and Woodside have won their bid to stay a court case related to a project for extracting hydrocarbons in the Bass Strait, with a judge finding the court should apply a ‘light touch’ when interpreting arbitration agreements.
The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.
A former Star executive agreed to renew the casino’s relationship with a junket with organised crime links despite Star Sydney’s GC warning of suspicious transactions, a court has heard.
On day one of trial in ASIC’s case accusing ten Star executives of turning a blind eye to money laundering, the court heard about a blue esky bag full of cash and people hiding under blankets to avoid CCTV.
A developer is on the hook for $2.6 million after a court found he misappropriated a tax refund associated with a scheme to develop property in Spring Farm, NSW and put it towards a luxury Sydney home in his wife’s name.
The former CFO of Star Entertainment has reached a settlement in ASIC’s case accusing ten executives of breaching their duties in relation to the casino operator’s lax money laundering compliance.