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ASIC says auditors weren’t required to school iSignthis on disclosure obligations
Financial Services 2021-03-16 10:17 pm By Cat Fredenburgh

ASIC has fired back at iSignthis’ defence to the regulator’s claims that it violated the Corporations Act by not disclosing $3 million in one-off revenue […]

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Clough Limited can’t claim $15M in taxes from cancellation of employee entitlements, court rules
Tax 2021-03-02 9:23 pm By Cindy Cameronne

Construction company Clough Limited cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction, with a […]

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Herbert Smith Freehills warned Arrium of insolvent trading risk, court told
Restructuring & Insolvency 2021-03-02 5:43 pm By Miklos Bolza

Doomed iron and steel giant Arrium attempted to stave off its inevitable $2.8 billion collapse and put off negotiating with its lenders until the last […]

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Group members to get more than half of $37.75M Estia class action settlement
Class Actions 2021-03-02 3:48 pm By Cat Fredenburgh

More than half of the $37.75 million settlement reached in a shareholder class action against aged care provider Estia Health will be left for distribution […]

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Push for merger law reform a priority for bruised regulator, ACCC chief says
Competition & Consumer Protection 2021-02-23 2:34 pm By Christine Caulfield

Australia’s merger laws are not fit for purpose and the current approach to merger control needs to be rebalanced, the head of the ACCC has […]

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Group members in Guvera class action could be left empty-handed
Class Actions 2021-02-22 3:29 pm By Spencer Fowler Steen

Group members in a class action against Oculus Accounting may not receive a payout after the company’s insurers refused to indemnify it against claims alleging […]

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ACCC raises competition concerns over $US80B Aon-Willis merger
Corporate 2021-02-18 4:04 pm By Cindy Cameronne

The Australian Competition and Consumer Commission has raised preliminary competition concerns about the proposed merger of insurance giants Aon and Willis Towers Watson to create […]

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Allens woos two from HWL Ebsworth to grow Perth corporate team
Corporate 2021-02-02 12:34 pm By Spencer Fowler Steen

Allens has snagged two new heavy hitters from HWL Ebsworth to bolster its corporate team in Perth. Bryn Hardcastle will join the firm as partner […]

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Dr Reddy’s alleges VC firm made false claims in head lice lotion deal talks
Corporate 2021-01-28 4:22 pm By Spencer Fowler Steen

Multinational pharmaceutical company Dr Reddy’s has launched a lawsuit against a Melbourne biotechnology company’s directors as well as venture capital firm OneVentures, alleging they sold […]

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Standard Chartered unit wins $42.2M in securities dispute with Energy World
Energy & Natural Resources 2021-01-21 11:46 am By Miklos Bolza

A unit of Standard Chartered Bank has prevailed in a securities spat with Energy World Corporation, which has been ordered to approve a $64.4 million […]

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