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New owners of Nature’s Care face Wu family’s ‘nasty surprise’
The current owners of vitamin giant Nature’s Care have won an urgent injunction against the company's founding family, after a judge said it appeared they were trying to regain control of the corporate group.
Businesses should brace for roll-on effects of COVID-19, says insolvency expert
COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a “contagion effect” in 2024, says K&L Gates’ newest partner.
Norton Rose partner who investigated bullying claim not ‘decision maker’ in sacking, court finds
A judge has thrown out a former Norton Rose Fulbright digital marketing manager's claims that she was sacked for making complaints about bullying, finding a partner who was appointed to investigate her claims of bullying was not involved in the decision to terminate her employment.
Dick Smith CFO stuck with $57M judgment after High Court revokes special leave
Former Dick Smith CFO Michael Potts is on the hook for paying $57 million in damages to National Australia Bank after the High Court on Wednesday revoked its grant of special leave, finding he did not raise a legal question of public importance.
Full Court finally sets date for 7-Eleven class action funder’s CFO fight
The date has been set for a hearing in the second case to test the argument that judges lack power to make a common fund order when a class action settles, and the litigation funder challenging the argument can expect a sympathetic ear.
Noumi in talks with ASIC on penalty for continuous disclosure breaches
Food manufacturer Noumi is trying to reach agreement with the Australian Securities and Investments Commission on a penalty to propose to the court for violating its continuous disclosure obligations by overstating the value of inventory.
United class action wants to add commission agents, join parent company
A franchise class action against United Petroleum has asked a court for leave to expand the class action to include a group of commission agents and to add the oil company's parent as a third defendant.
ASIC dodges indemnity costs for ‘unreasonable’ rejection of settlement in case against liquidator
ASIC has escaped an individual insolvency practitioner’s bid for indemnity costs in its failed case alleging illegal phoenix activity, with a judge finding the regulator did not unreasonably reject a settlement offer that would have netted it “a considerably better result” than it won at trial.
End of the road for Arrium lenders’ case against directors
The High Court has denied a bid for special leave by the Commonwealth Bank and other lenders to challenge a ruling that found two Arrium directors did not mislead them about loan drawdown notices ahead of the steel company's $2.8 billion collapse. 
High Court takes up joint venture’s arbitration dispute with Chevron
The High Court will hear a $130 million case by two contractors on Chevron's Gorgon gas field project, which argue the Western Australia Court of Appeal was outside power to uphold a ruling that set aside an arbitration win.