Ashurst

British banking giant HSBC could face a new claim in ASIC proceedings alleging it failed to adequately protect customers from scams, a court has heard.

Amp Energy has completed the financing for the first stage of construction on a Carlyle Group-backed battery energy storage system in South Australia.

Power company Callide has been hit with a $9 million penalty for “very serious” contraventions of the National Electricity Rules that led to an explosion at a coal-fired power station.

Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.

Real estate lawyer Vicki Aron has joined Clayton Utz's Sydney office as a partner after seven years at Ashurst.

The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018. 

Pharmaceutical giant Novartis is challenging the loss of its case against Sydney-based generics company Pharmacor over a patent for heart medication Entresto.

Some of Australia's biggest law firms were dragged to court in 2024, facing lawsuits -- and even class actions -- by disgruntled clients and aggrieved employees.

ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company's financial position.

Class action settlements leaped in value last year, with three settlements topping the $200 million mark.