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Judge ends Keybridge administration, finds company is solvent
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company's administration after it provided a letter of comfort and offer to fund its debts.
Moray & Agnew recruits new corporate partner
An automotive law expert has joined Moray & Agnew as a partner in the firm's corporate and commercial practice.
Clive Palmer files appeal in failed suits against ex-ASIC chair James Shipton
Clive Palmer has appealed a court's decision to toss his lawsuits against former Australian Securities and Investments Commission chair James Shipton alleging he acted in bad faith when the regulator filed criminal proceedings against him.
ASIC takes Wiluna Mining to court over $57M capital raising announcement
The corporate regulator has brought enforcement action against Wiluna Mining, accusing the gold mining operation of misleading conduct over a capital raising a month before it went under.
Funder in spat with WestConnex class action applicants can’t dodge costs
That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.
Construction PRO
Allens, HSF advise on ACEN’s renewable energy portfolio financing
Big Six firms Allens and Herbert Smith Freehills are the law firm heavyweights behind $750 million in platform financing for ACEN Australia's renewable energy portfolio.
Clorox hit with $8.25M penalty for greenwashing
Clorox has been hit with a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.
United Petroleum franchisee class action ordered to pay $3.7M in security
A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.
IC Markets wants deadline on class action’s search for sample group member
Brokerage firm International Capital Markets says a class action over risky financial products must put up or shut up when it comes to claims in the case that neither applicant has standing to bring.
Clyde & Co hires privacy partner for 24-7 global cyber support offering
Clyde & Co has hired a cyber pro as a partner in its Sydney office to join the firm's Cyber One team, dedicated to around-the-clock cyber support.