National Australia Bank and its home loan lender subsidiary have been ordered to pay a $15.5 million penalty after admitting to mishandling hundreds of customer hardship applications.
The High Court has rejected logistics company Qube’s special leave application asking it to clarify the scope of an adjudicator’s role in determining a contractor’s payment claims under the SOP Act.
German car hire company SIXT has sued Darwin International and Alice Springs airports for $1.9 million, alleging its lease arrangements with the airports did not allow for rent reductions.
Mercedes-Benz dealers are pressing on with their $650 million battle over the luxury car maker’s move to a fixed-priced agency model, taking their case to the High Court.
Rental property manager MadeComfy has been acquired by Indian hospitality company Oyo in a deal worth $50 million.
The receiver for failed Banksia Securities wants a release from claims stemming from his role, including a case by investors who lost their life savings only to be duped by the class action team that represented them.
Arnold Bloch Leibler and a litigation partner at the law firm are among defendants named in a new case for their representation of the mastermind behind the scandal-ridden Banksia Securities class action.
ASIC has won travel bans against two people who are being investigated over their links to Keystone and Falcon Capital funds, which are suspected of misusing investor money, after the regulator claimed losses could be “catastrophic”.
Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a “moralistic” approach to unconscionable conduct.
A judge has given the greenlight to a $10 million settlement with entities linked to late solicitor and Banksia class action mastermind Mark Elliott, noting the “perverse” difficulty of recovering more of the $70 million in assets held on trust.