Virgin Australia’s administrators have whittled down the list of eligible bidders for the struggling airline to two, with investment firm Bain Capital and private equity investor Cyrus Capital Partners the only potential purchasers allowed to make final offers.
While companies and organisations have been given wide latitude to present their views to the new class action inquiry, submissions by independent professors are on a page-limit, further fueling speculation about the motives behind the Morrison government’s latest review.
Seismic changes are set to lead to fundamental changes in the economic feasibility and incentives of the various stakeholders involved. The option to charge contingency fees on class actions will provide the commercial imperative for adopting tried and tested advanced technologies and working practices on class action matters, says James Moeskops of Sky Discovery.
Treasury Wine Estates will seek to shut down a shareholder class action brought by Maurice Blackburn after accusing the law firm of breaching its obligations and using documents from a prior lawsuit against the global wine distributor in the current proceedings.
Australian media outlets are facing liability for defamatory remarks left under news articles they posted on Facebook, after a court of appeal found that the companies are publishers of the third-party comments.
A court has dismissed a “harsh and draconian” class closure order sought by German cladding manufacturer 3A Composites in a class action against it over allegedly combustible cladding.
A judge has dismissed an attempt by the ex-CEO of Ferrari Australasia to keep an unlawful termination lawsuit brought against the car maker under wraps, after he dropped the proceedings earlier this month.
Former Dover Financial director Terry McMaster on Monday admitted to personally drafting a so-called client protection policy described by a judge as an “exercise in Orwellian doublespeak”, as the court heard evidence that the defunct financial firm ignored red flags raised by two law firms about the policy.
Australian bookmaker Sportsbet has filed a lawsuit against betting competitor Sportsbetting.com.au for alleged trade mark infringement and consumer law violations.
The Australian Competition and Consumer Commission said competition by smaller airlines was essential ‘now, more than ever’ as the airline industry undergoes a major upheaval due to the coronavirus and the administration of Virgin Airlines, and vowed to continue its probe of Qantas’ 19.9 per cent stake in Alliance Airlines.
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