Clayton Utz

Defunct forex broker Union Standard and its former agents have been hit with a combined $300.2 million penalty for “egregious” contraventions, including deliberately pushing risky derivative contracts onto inexperienced investors.

Power plant investor Sev.en has filed an urgent application for access to the financials of Millmerran Power Station as it looks to sell its stake in the energy infrastructure asset, saying it may have claims of misleading conduct.

More parties have joined the land acquisition compensation dispute between Victoria and the joint venture owners of Pakenham Place Shopping Centre, a court heard Thursday.

Citing its reputation in Australia, consumer goods giant Henkel has retained its trade mark, 'Got2B', in opposition to a removal bid, but the brand has been narrowed to cover just haircare products.

An underpayments class action against The Reject Shop will reshuffle its case after a recent Full Court decision which had a “profound impact” on the claim period. 

Woolworths has told a judge in an underpayments class action where its remediation costs could stretch to $330 million that sending a notice to group members reminding them to keep records would be “premature and potentially misleading”. 

A trial in related cases by developer Villawood over a logistics estate near Wallan, Victoria has been pushed back to next year.

A class action accusing Sony of breaching competition laws has said proposed changes to the case will focus on excessive charges in the distribution market, but the electronics giant argues the amended case leaves causation "entirely unarticulated".

Westpac has been hit with a $26 million penalty -- just shy of the $30 million sought by ASIC -- for failing to respond to online hardship applications on time on 277 occasions, in conduct described as “grossly negligent”. 

Rejecting Victoria's bid for a quick win in a case by Pakenham Place Shopping Centre over the development of a new hospital in Melbourne's southeast, a judge has warned against "last-resort" summary dismissal applications.