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Arrium lenders hit with extra costs after rejecting $10M settlement offers
Restructuring & Insolvency 2022-01-07 11:27 am By Bianca Hrovat

A group of banks that failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse have been ordered to pay indemnity costs after a court found they rejected $10 million settlement offers three days into the trial.

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‘Capricious’ conduct by Morrison government dooms Beetaloo gas contract
Energy & Natural Resources 2021-12-23 5:42 pm By Miklos Bolza

A judge has voided contracts between the Morrison government and a subsidiary of Empire Energy for gas exploration in the Beetaloo Basin after finding the decision to enter the agreement in the midst of litigation was “legally unreasonable or capricious”.

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Judge shoots down ‘audacious’ McMillan Shakespeare claim for surplus class action funds
Class Actions 2021-12-22 5:17 pm By Miklos Bolza

A judge has rejected an “audacious” attempt by McMillan Shakespeare to recoup a surplus of funds left over after a $9.5 million class action settlement was distributed to registered group members.

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Nimble Money beats back shareholder bid to peek at books
Financial Services 2021-12-21 5:43 pm By Bianca Hrovat

Payday lender Nimble has succeeded in blocking its largest shareholder from accessing company documents relating to an impending debt refinance, with a judge finding the company’s financial woes were due to COVID-19 and not improper conduct by management.

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Full Court to hear Dutton defamation case over ‘rape apologist’ tweet
Appeals 2021-12-20 2:39 pm By Cat Fredenburgh

Refugee activist Shane Bazzi has appealed a defamation judgment ordering him to pay $35,000 in damages to Peter Dutton over a tweet which accused the defence minister of being a rape apologist.

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Arrium class action seeks unredacted KPMG audit file
Class Actions 2021-12-14 6:16 pm By Miklos Bolza

Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.

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Qantas in court battle over failed $35M flight academy partnership
Contracts 2021-12-10 11:17 am By Bianca Hrovat

Qantas is locked in a legal battle with a US-based pilot training provider over failed negotiations concerning the development of a $35 million pilot academy in regional Queensland.

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a2 Milk wins trade mark ruling after IP Australia left ‘legitimate uncertainty’
Intellectual Property 2021-12-03 5:08 pm By Miklos Bolza

A judge has allowed two a2 Milk trade marks to proceed to registration despite “legitimate uncertainty” created by IP Australia in a long-running intellectual property spat with competitor Lion Dairy & Drinks.

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WiseTech reaches settlement in freight forwarder’s restraint of trade case
Competition & Consumer Protection 2021-12-03 1:12 pm By Bianca Hrovat

Freight forwarding company Mondiale has dropped its court action against WiseTech Global alleging the logistics firm breached competition law by misusing its substantial market power.

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Cosmetics brand Mecca wins contract spat with Hourglass over COVID-19 closures
COVID-19 2021-12-02 4:23 pm By Miklos Bolza

Australian beauty and skincare retailer Mecca has triumphed in a lawsuit brought against US makeup brand Hourglass, which tried to terminate an exclusive distribution agreement because of the COVID-19 pandemic.

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