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The Treasurer has released draft legislation for an overhaul to Australia's merger review regime, but has not yet revealed the threshold for mergers that will need to be signed off on by the Australian Competition and Consumer Commission.
Four people have been charged with conspiracy to commit market rigging and false trading after an ASIC investigation into an alleged scheme organised on social media app Telegram to pump shares in Australian stocks and dump them at inflated prices.
A judge has rejected arguments that Virgin Australia waived legal professional privilege over advice from Herbert Smith Freehills by claiming in a class action defence that it had a reasonable belief that statements in a prospectus for a $324 million capital raising were not misleading.
Two former executives of Rebel Sports owner Super Retail Group have filed action in the Fair Work Commission alleging contraventions related to their dismissal from the company.
A class action has accused not for profit community legal service Knowmore Legal of breaching its duty of care and providing negligent advice to survivors of institutional child sexual abuse who settled their claims under the National Redress Scheme when they could have recovered more by taking their claims to court.
A medical imaging company has lost its negligence case alleging Malouf Solicitors failed to advise it that its defences in District Court proceedings were doomed to fail, with a judge finding the company’s executives were informed of the risks of defending the case.
The ex-chair of former ANZ unit OnePath “has not been cooperating” in a class action alleging it breached its duties as a trustee of superannuation funds by slugging members with excessive fees to pay commissions to financial advisers, a court has heard.
A human rights group is continuing its fight for the release of Australians held in a Syrian refugee camp, bringing its case for a writ of habeas corpus to the High Court.
A judge has rejected an application by a director of mining tech company Globaltech to replace administrators from McGrathNicol after arguing there was an appearance of bias since their fellow partners used to be on the board of its biggest unsecured creditor, Boart Longyear.
A judge has rejected a Sydney law firm's bid for an adjournment in a costs dispute with a former client, saying the spat "cannot be permitted to continue".