An appeals court has dismissed a challenge in a lengthy legal drama between the children of one of Australia’s richest families, finding that a lawsuit over $200 million in Lendlease purchase options was not brought in good faith.
The ACCC will monitoring the pricing and supply of essential services such as energy and telecommunications as well as interest rates in 2023 as cost of living pressures continue to bear down on consumers.
K&L Gates has snagged a partner from Arnold Bloch Leibler to bolster the real estate practice in its fast-growing Sydney office.
Slater & Gordon is poised to go private in an off-market takeover by Allegro Funds valuing the company at 55 cents per share, 16 years after it became the first law firm to list on the ASX, reaching a peak valuation of $2.8 billion.
The Commonwealth Bank of Australia has urged the Full Court to toss ASIC’s challenge to a decision dismissing its conflicted remuneration case over the bank’s sale of its Essential Super product, saying the appeal suffered from “fatal” flaws.
A judge has declined to stay a class action against BPS Financial, the issuer of cryptocurrency Qoin, in light of similar ASIC proceedings.
Hall & Wilcox has lured a Baker & McKenzie veteran and renewables specialist to lead its Sydney finance practice.
Pitcher Partners has failed to stay a Federal Court suit alleging the accounting firm failed to properly advise former Zap Fitness owner Bective Enterprises on a troubled share buy-back scheme, in light of a Supreme Court bid by another key player to shut the case down.
Clive Palmer’s Queensland Nickel and three other Palmer-related entities have been ordered to pay $44.5 million (US$30.8 million) to litigation funder Vannin Capital for defaulting on a loan for a private jet.
Nuix has defeated a lawsuit by ex-CEO Edward Sheehy alleging he was owed $183 million in options under a 2008 agreement, with a judge finding the options could only be exercised if the company was sold.