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A Dubai-based investor is seeking to vary "punitive" freezing orders won by a brokerage firm that claims he failed to repay a $10.7 million (US$7.2 million) debt over a "highly unusual" airport investment proposal.
A Federal Court suit by HR company Employment Hero accusing investor and rival Seek of misusing its market power has been resolved.
A judge has ordered the lead applicant in a failed class action against Queensland utilities Stanwell and CS Energy, which was slated to be worth $1 billion, to pay $32.4 million in costs.
Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
Reforms to Australia's merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Binance has agreed to a $10 million penalty in ASIC’s case alleging the defunct crypto firm misclassified retail customers as eligible to invest in risky derivatives, but a judge wants more details before approving the deal.
Fresh off being sued by ASIC for investing $300 million into Falcon Capital’s failed First Guardian Master Fund, super trustee Diversa has been hit with additional licence conditions by the prudential regulator.
ASIC has questions about the “bona fides” of a rental company’s appeal of a $7.4 million penalty for unlawful loan agreements, telling a court it needs to see evidence about the “very rapid decline” of the company’s financial position.
The ACCC has opposed Yamaha Motor's proposed acquisition of aluminium trailer boat maker Telwater, saying it would result in the substantial lessening of competition in the wholesale supply of outboard motors.