Most Recent
Ex-Continental Coal secretary pleads guilty to stealing, forgery
A former company secretary of defunct mining and exploration company Continental Coal has pleaded guilty to three criminal charges, including stealing $2.2 million and forging a bank statement.
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.
Penta Capital fined for alleged false claims of $6.9B under management
The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.
‘Confusing maze’: ALRC calls for overhaul of Corporations Act
The Australian Law Reform Commission has recommended extensive reforms to the "confusing maze" that is the Corporations Act, including the creation of a standalone financial services law.
Virgin bondholders say indemnity unlawfully holding up class action
An investor class action against Virgin Australia has mounted a new challenge to a contentious indemnity clause, which the airline claims entitles it to receive periodic payments for its legal costs in defending the claims.
ACCC blocks ACL’s proposed $1.5B Healius takeover, as offer taken off table
Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
Jan Cameron found guilty of failing to disclose interest in Bellamy’s
Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company. 
ACCC blesses $1.15B Viva Energy, OTR tie-up with divestitures
The ACCC has signed off on Viva Energy's $1.15 billion acquisition of South Australia-based convenience store chain On The Run Group, after it agreed to divest 25 Coles Express sites in the state.
Viterra can’t dodge indemnity costs in feud over $420M Joe White sale
Glencore-owned Viterra must pay indemnity costs to four Joe White employees it dragged into a 10-year feud with Cargill over the $420 million sale of the Joe White business, after a judge found its claims against them were “hopeless from the outset".
‘We don’t know’ not a reason to block $4.9B Suncorp merger, ANZ says
ANZ has criticised the ACCC’s objection to its planned $4.9 billion merger with Suncorp, arguing before a tribunal that the alleged "uncertain" effects on competition in banking was not a sufficient reason to block the deal.