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ASIC has mixed success in case against family-owned business lender
A business lender that issued personal loans is on the hook for unlicensed credit activity, but ASIC's action against the director has failed, with a judge finding the regulator was "entirely indifferent" to the circumstances of the case.
High Court to hear law firm client’s appeal over interest on costs
The High Court has agreed to hear an appeal by a doctor who says the law of unjust enrichment entitles him to over $1.4 million in interest on a $900,000 sum that his lawyers repaid to him amid a fight about his legal fees.
Construction PRO
Shopfitter Ramvek gets pass on compliance with rules in bid for quick SOPA case win
A judge has dispensed with court rules to allow shopfitter Ramvek to bring a non-compliant summary judgment application against a builder in a payment dispute, saying strict compliance with the rules was at odds with the procedure and policy of the SOPA.
Fonterra can’t get pre-deal ruling on sale’s impact on lucrative Bega licences
Dairy company Fonterra can't get a court declaration that its Australian exit plans will not trigger change of control clauses in lucrative licence agreements with Bega, potentially affecting the likely sale price.
WiseTech’s Richard White resolves Fair Work case with former employee
WiseTech Global's embattled founder Richard White and his wife, Zena Nasser, have resolved a lawsuit by a former employee of White's private investment company, Realwise Management.
Facing Glencore’s US antitrust suit, Louis Dreyfus can grill former trader in Sydney
Facing a US antitrust suit by Glencore, global agribusiness Louis Dreyfus BV has won its bid to examine Sydney resident Mark Allen, a former Glencore trader and current CEO of agri-finance firm Thera Capital.
Construction PRO
Court approves Sev.en-funded recapitalisation of Callide power station
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
Construction PRO
Mining companies Alkane, Mandalay to merge in $557M deal
Australian gold miner Alkane has entered a merger agreement with Canada's Mandalay to create a diversified gold and antimony producer with three operating mines.
Judge criticises Roberts-Smith’s claim that MinterEllison lawyers ‘thrown under bus’
A judge has taken issue with an argument by disgraced solider Ben Roberts-Smith that a Nine journalist threw his solicitors "under the bus", saying it suggested the MinterEllison lawyers engaged in misconduct in the absence of an appeal claim against them.
Linda Reynolds sues Commonwealth, HWL Ebsworth over $2.4M Brittany Higgins settlement
Western Australian senator Linda Reynolds has filed a lawsuit against the federal government and HWL Ebsworth over a $2.4 million settlement with former Liberal staffer Brittany Higgins.