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The liquidator of collapsed app-development firm Appster has filed examination proceedings against the company's founders and auditor ahead of possible legal action for allegedy trading while insolvent.
Pacific National has defended a decision by a judge to accept an undertaking and rule against the ACCC in its competition case over the rail operator's acquisition of a major freight terminal in Queensland, saying the ruling was structured with "commendable judicial economy".
The ACCC has raised concerns that the proposed tie-up of hardware store giant Bunnings Warehouse and family-owned Adelaide Tools and Oaklands Mower Centre will stifle competition.
Herbert Smith Freehills cannot recover its costs for successfully representing itself in litigation with United Petroleum over the company's aborted initial public offering, with an appeals court finding the High Court's recent ruling eliminating the so-called Chorley exception for self-represented lawyers applies to law firms as well.
Vodafone has won its case against the ACCC over its proposed merger with rival telecommunications company TPG, with a judge ruling the tie-up would not substantially lessen competition and had a real chance of becoming a "competitive force" against the two dominant players in the market, Telstra and Optus.
Australian Finance Group's proposed acquistion of rival Connective Group has raised red flags for the competition regulator, which says the tie-up would create Australia's largest mortgage aggregator and could squeeze smaller players out.
A court has slashed the costs awarded to a Tucker & Cowen name partner in a lawsuit brought by the liquidators of failed fund manager Equititrust, citing a recent High Court ruling that found self-represented lawyers cannot recover their own expenses.
Elaine Stead, venture capitalist and former executive director of doomed fund manager Blue Sky Alternative Investments, has filed defamation proceedings against Nine-owned Fairfax over a series of articles criticising her role in the company's collapse.
An Ashurst partner that argued a judge was "confused" when he decided to appoint liquidators to his luxury Point Piper home in a dispute with an ex-judge neighbour has lost his challenge to the ruling.
A Federal Court judge has ordered Westpac to pay a $9.15 million penalty after one of its financial advisers breached the best interests duty by giving customers bad advice that resulted in millions in losses.