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Shell wins more in ATO appeal over $2.3B gas exploration deduction
Tax 2022-01-27 6:00 pm By Bianca Hrovat

An appeals court has unanimously rejected the Commissioner of Taxation’s latest bid to block Shell’s $2.3 billion tax deduction for the cost of exploration activities conducted as part of the Browse LNG project off the coast of Western Australia.

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Westpac wins freezing order over sale of Papas’ girlfriend’s Sydney home
Financial Services 2022-01-25 4:51 pm By Christine Caulfield

The Federal Court has issued a worldwide freezing order over the assets of Bill Papas’ partner, which includes the proceeds of the $1.13 million sale of her home in Sydney’s inner west.

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Ben Roberts-Smith hearing plans still in flux, 12 days out from trial
Defamation 2022-01-21 2:40 pm By Cindy Cameronne

Trial plans in accused war criminal Ben Roberts-Smith’s defamation case against Nine have hit another roadblock because of COVID-19 restrictions, less than two weeks before the hearing is set to resume, with the media giant now suggesting a move to Western Australia.

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Bill Papas’ cousin denies Westpac claims over $720,000 payment
White Collar 2022-01-13 6:46 pm By Cindy Cameronne

Forum Finance director Bill Papas’ cousin has hit back at Westpac’s allegations he wrongfully received $720,000 from the alleged fraudster in violation of freezing orders made in the bank’s lawsuit, which seeks to recoup $294 million paid into an alleged fraudulent scheme.

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Mylan Australia challenges ATO decision over $1.2B Alphapharm deal
Corporate 2022-01-11 2:54 pm By Christine Caulfield

Mylan’s Australia unit is appealing decisions by the tax office to refuse deductions on interest paid under loans taken out by the pharmaceutical giant to help fund the $1.2 billion acquisition of generic drug maker Alphapharm almost 15 years ago.

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Top 10 class action settlements of 2021
Class Actions 2022-01-10 7:52 am By Bianca Hrovat

Class action settlement totals skyrocketed to over $900 million last year, and one law firm negotiated the lion’s share, with $672 million in settlements under its belt.

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SmileDirectClub can’t get its facts straight, Invisalign claims
Competition & Consumer Protection 2022-01-07 5:11 pm By Bianca Hrovat

The maker of the popular Invisalign dental aligners has sued competitor SmileDirectClub for allegedly misleading consumers about the cost and efficacy of its direct-to-consumer teeth alignment kits.

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Forum liquidators sue to wind up entity that got $2.6M in Bill Papas ‘loans’
Restructuring & Insolvency 2021-12-20 11:24 am By Miklos Bolza

Forum Group’s liquidators are seeking to wind up an entity owned by founder Bill Papas that received over $2.6 in “loans” from the alleged fraudster, as they work to recoup almost $400 million allegedly defrauded from three banks.

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Funder of Qld energy class action takes on MIS rules in appeal
Class Actions 2021-12-16 7:00 pm By Miklos Bolza

A litigation funder has taken aim at a landmark judgment in an appeal of a ruling that found its funding arrangement with group members in a class action against Queensland energy suppliers was a managed investment scheme.

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CBRE can’t dodge Trilogy Funds case over $34.8M valuation
Real Estate 2021-12-15 9:33 pm By Christine Caulfield

Commercial real estate giant CBRE Group has lost its bid to toss proceedings brought by fund manager Trilogy claiming the company negligently valued a Queensland marina at $34.8 million in 2006 and caused millions in losses.

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