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The Tax Office has asked the High Court to reverse a landmark ruling that found an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, a decision that affects $50 billion in trust distributions.
A law firm review has found WiseTech co-founder and executive chair Richard White misled the board about several personal relationships, but the tech company has flagged no action against him.
Last week's High Court ruling that a contingency fee order weighed against transferring a class action against KPMG shows the bench has changed in the five years since it held that the interests of justice aren't concerned by whether a case can survive.
Construction PRO
The liquidators of collapsed fund manager iProsperity have filed court proceedings against the developer of an apartment project in Ryde.
A judge has found Max Twigg must compensate his mother and several family companies after selling bonds traceable to misappropriated funds, saying he and his company “misled the court” by not disclosing the sale.
The NSW government has introduced legislation to crack down on 'claim farming' for personal injury claims and international torts, despite concerns from the Law Society and the Bar the bill may prevent lawful referral practices.
A Canberra-based law firm is investigating a class action against the Victorian branch of the CFMEU's construction division alleging the union blacklisted hundreds of members.
Construction PRO
A judge has found the liquidators for collapsed developer Crown Group would be justified in making $500,000 in payments to related companies Quay Group and Westport, over objections from a director that he was not consulted on a solicitor's retainer.
Independent Sydney MP Alex Greenwich rejects claims he will receive a windfall if awarded costs in his successful defamation case against former NSW One Nation leader Mark Latham.