Ashurst

ASIC has won its case alleging Regional Express failed to correct an optimistic forecast before it entered administration last year, but failed to prove the company's optimism conveyed a "likelihood" or that three non-executive directors had actual knowledge of the collapsed budget airline's declining business. 

A judge will hear an application to amend by the applicants in two discrimination cases against University of Sydney academics accused of making allegedly antisemitic statements, saying the issues in the pleading had to be ruled on.

The latest new suits feature billion-dollar infrastructure brawls, fresh employment claims against Telstra and Woolworths, and regulators flexing their enforcement muscle.

Australian firms will continue to join forces with firms in the United States in a bid for higher partner profits and in response to client demand for a one-firm, multi-location service, an expert has predicted.

A former director of Melbourne-based Aviation 3030 has failed to overturn a finding that the liquidators of the landbanking company could recover half of a $3.4 million landholder duty liability from him.

A shareholder class action has won access to reports by FTI Consulting and KPMG that were commissioned by water remediation company Phoslock, with a judge finding they were not created for the dominant purpose of providing legal advice.

Under pressure from parliamentary committee members, KPMG said late Friday it would waive privilege and hand over investigation reports from Allens and Ashurst, after initially resisting orders for documents.

A senator has criticised KPMG for claiming a commitment to transparency while also maintaining legal professional privilege over advice from Allens and Ashurst into the alleged misuse of confidential information.

The liquidators of a NSW coal mine formerly owned by Sanjeev Gupta’s GFG Alliance have applied to the court to disclaim a deed under which GFG paid handsome royalties to former owner Glencore. 

The landlord of a Western Sydney commercial property has been awarded $328,000 in lost rent and outgoings after its former tenant, baked goods producer Allied Pinnacle, failed to repaint the external walls at the site.