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Abu Dhabi National Oil drops $30B takeover bid for Santos
M&A 2025-09-17 11:55 pm By Cat Fredenburgh

A consortium led by the investment arm of Abu Dhabi’s National Oil Company has dropped a $30 billion takeover bid for oil giant Santos.

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AMP to pay $120M to settle superannuation class action
Class Actions 2025-09-15 10:41 am By Cat Fredenburgh

AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.

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ASX accused of sacking head of trading tech after CHESS complaints
Employment 2025-09-15 11:39 pm By Cindy Cameronne

A former head of trading technology at the ASX has filed a lawsuit claiming he was axed after he raised concerns about insufficient resources to operate the market properly, including in relation to the exchange’s CHESS replacement project.

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Union drags ANZ to Fair Work Commission over mass layoffs
ANZ 2025-09-15 11:42 pm By Julia Kanapathippillai

The Finance Sector Union has accused ANZ of being a “bank in crisis”, launching a case in the Fair Work Commission over its handling of mass job cuts.

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Man sentenced for insider trading in relation to $776M Westfarmers deal
White Collar 2025-09-15 11:58 pm By Christine Caulfield

A Melbourne man has been sentenced to 18 months imprisonment after pleading guilty to trading while in possession of inside information in advance of Westfarmers’ $776 million acquisition of lithium company Kidman Resources in 2019.

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Novo director breached duty to prevent insolvent trading, court finds
Restructuring & Insolvency 2025-09-15 11:22 pm By Julia Kanapathippillai

A judge has found a director of defunct IT company Novo breached his duty to prevent the company from trading while insolvent, but has stopped short of ordering damages, or making findings he breached other duties.

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Construction PRO
New freezing orders cover up to $158M in assets of Keystone-linked developer
Restructuring & Insolvency 2025-09-16 11:02 pm By Julia Kanapathippillai

Liquidators of defunct investment firm Keystone Asset Management have won expanded freezing orders to cover property up to $158 million in the name of developer Robert Filippini and family members.

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Construction PRO
Renewables company sued over unpaid commissions on $50M solar project
Energy & Natural Resources 2025-09-16 11:41 pm By Sam Matthews

Proval Renewables has filed a lawsuit against renewables company May Brothers Holdings, seeking to hold it to an agreement to make commission payments of $4.5 million on a $50 million solar project.

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Construction PRO
Dreamworld contractor successfully challenges SOPA decision
Construction 2025-09-16 11:49 pm By Julia Kanapathippillai

A theme park manufacturer contracted by Dreamworld to undertake $5 million in works has won a challenge to an adjudicator’s decision that found a payment claim was invalid because the company didn’t have a building licence.

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Judge mulls bidding war for $549M Robodebt settlement admin gig
Class Actions 2025-09-12 1:36 pm By Cindy Cameronne

The judge overseeing the Robodebt class action, which settled this month for a record $548.5 million, may put the settlement administration role out to tender, saying the sum earmarked for the job was “staggeringly large”.

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