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The Kingdom of Spain must pay $375 million after it failed in its bid to claim sovereign immunity from the enforcement of two foreign arbitration awards related to renewable energy investments.
No harm, no foul? Full Court weighs ACCC challenge to flushable wipes ruling
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The ACCC claims it was not required to prove Kimberly-Clark’s flushable wipes caused actual harm to sewers, as it challenges a ruling that disposed of its consumer law case against the personal care giant.
TAL refutes ASIC claims, stands by denial of coverage for cancer patient
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Life insurer TAL has stood by its decision to deny coverage to a cancer patient, which landed it in hot with the Australian Securities and Investments Commission, saying it would not have issued the policy had it known the patient saw a psychologist on several occasions.
New shareholder class action against IOOF alleges extensive misconduct
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Financial services provider IOOF may have beaten back regulatory action, but it still faces the wrath of shareholders, with a new class action claiming the firm engaged in corporate misconduct that includes insider trading, front running and breaches of trustee duties.
Westpac slams Shine’s ‘sales pitch’ in class action opt out notice
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Westpac has criticised Shine Lawyers for allegedly turning a registration and opt out notice to class action members into a ‘sales pitch’ designed to book-build for the firm, saying the High Court’s recent common fund ruling forbade approval of anything designed to boost the commercial viability of a case.
De Belin says Nationwide News defamed him with ‘rapist’ allegations
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Suspended rugby player Jack de Belin has hit the publisher of The Daily Telegraph with a defamation lawsuit over an article, cartoon and tweet that allegedly implied he was a “rapist” and a “despicable person”.
Coles faces potential class action over $20M in staff underpayments
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Supermarket giant Coles may be hit with a class action after it was revealed on Tuesday that the company owes staff in its supermarket and liquor businesses at least $20 million in pay.
Litigation funder may set up law firm to capitalise on contingency fees
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A major litigation funder in Australia is weighing its options after the High Court ended the practice of common fund orders and the Victorian Government introduced a bill allowing contingency fees, options that include establishing its own law firm
ACCC approves Lion Dairy & Drinks acquisition by Hong Kong dairy firm
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The ACCC has approved Hong Kong-based China Mengniu Dairy Company’s acquisition of Lion Dairy & Drinks, saying the deal was not likely to substantially lessen competition in the raw milk market.
Barrister appeals finding she overcharged client
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A Sydney criminal barrister is challenging a ruling that she engaged in unsatisfactory professional conduct by performing unnecessary work for her client and threatening to cancel a visit to see him in prison unless his father coughed up $5,000 first.