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Businesses should brace for roll-on effects of COVID-19, says insolvency expert
Restructuring & Insolvency 2024-01-23 11:30 pm By Cindy Cameronne

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 […]

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Penta Capital fined for alleged false claims of $6.9B under management
ASIC 2024-01-22 2:47 pm By Cindy Cameronne

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 […]

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‘Confusing maze’: ALRC calls for overhaul of Corporations Act
Policy and Regulation 2024-01-18 10:08 pm By Cindy Cameronne

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 […]

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Virgin bondholders say indemnity unlawfully holding up class action
Class Actions 2023-12-15 10:43 pm By Cindy Cameronne

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 […]

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ACCC blocks ACL’s proposed $1.5B Healius takeover, as offer taken off table
Corporate 2023-12-15 10:30 am By Christine Caulfield

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 […]

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Jan Cameron found guilty of failing to disclose interest in Bellamy’s
White Collar 2023-12-15 10:43 pm By Sam Matthews

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 […]

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ACCC blesses $1.15B Viva Energy, OTR tie-up with divestitures
Competition & Consumer Protection 2023-12-14 10:46 pm By Cat Fredenburgh

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 […]

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Viterra can’t dodge indemnity costs in feud over $420M Joe White sale
Appeals 2023-12-08 10:27 pm By Cindy Cameronne

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 […]

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‘We don’t know’ not a reason to block $4.9B Suncorp merger, ANZ says
Financial Services 2023-12-04 11:17 pm By Cindy Cameronne

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 […]

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Noumi in talks with ASIC on penalty for continuous disclosure breaches
Securities 2023-12-01 1:38 pm By Cindy Cameronne

Food manufacturer Noumi is trying to reach agreement with the Australian Securities and Investments Commission on a penalty to propose to the court for violating […]

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