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Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.
Russian company UC Rusal has lost a High Court leave bid after an "extremely harsh" finding that Rio Tinto was entitled to refuse alumina deliveries because of export sanctions.
Russian company UC Rusal wants the High Court to hear its appeal of an "extremely harsh" finding that Rio Tinto was entitled to refuse alumina deliveries due to export sanctions.
RAMS franchisees have called out the Westpac unit for “old school litigation,” as they seek information about alleged anomalies in home loan applications that led to the nixing of their franchise agreements.
An appeals court has backed a decision by six Rio Tinto units to refuse delivery of alumina to Russia's largest aluminium producer because it would run afoul of sanctions imposed after Russia invaded Ukraine.
Westpac's shuttered home loan unit RAMS may hit back at franchisees' class action claims by alleging they made misrepresentations and provided fraudulent documents.
A $100 million settlement by AMP in a class action by financial planners over the wealth manager's buyer of last resort policy has been given the OK, but the litigation funder won't be reimbursed for $2.6 million in insurance and administrative costs.
Westpac subsidiary RAMS has flagged a cross-claim against disgruntled franchisees who say their agreements were terminated without proper cause, citing possible breaches of the National Credit Act.
The judge overseeing a consumer class action against wealth manager Colonial First State Investments has given the green light to a $100 million settlement, but questioned a $23.1 million cut to funder Augusta under a “strange” funding agreement.
Westpac subsidiary RAMs has been hit with a class action by former franchisees who say their agreements with the home loan provider were terminated without proper cause.