Sydney-based liquidator David Iannuzzi has been disqualified from serving as an insolvency practitioner for 10 years, in the first case brought by the Australian Tax Office under the Corporations Act’s ban on tax avoidance schemes.
A NSW Supreme Court judge has raised concerns about a dispute over fees owed to two law firms and a funder in relation to four shareholder actions brought against the liquidators of HIH Insurance.
The two law firms leading a class action against Toyota over allegedly defective filters in the car giant’s diesel models will be able to recover the legal costs of only one firm, a judge has said.
Construction firm Icon Co has rejected QBE Underwriting’s argument that exclusion clauses in coverage for Sydney’s Opal Tower meant the insurer did not have to indemnity it after a series of major cracks in the building led to the evacuation of thousands of residents on Christmas Eve last year.
A class action against the NSW government over a contractor who took private details of 130 ambulance workers to on-sell to personal injury law firms, including Bannister Law, has settled.
Superannuation fund promoter MobiSuper faces legal action by the Australian Securities and Investments Commission, accused of misleading customers in marketing calls.
Mobility equipment provider Country Care Group will fight for the dismissal of three charges brought by federal prosecutors in the country’s first criminal cartel case against an Australian business.
Technology firm Globaltech Corporation has filed Federal Court proceedings against rival Reflex Instruments for selling two mining survey devices to drilling company Boart Longyear that allegedly infringe its patent.
Women’s fashion designer Pinnacle Runway is challenging a ruling that found a rival’s use of the name ‘Delphine’ to describe a bikini style did not constitute trade mark infringement, but the challenge might cost more than the fight is worth, after a judge found the company had already spent “many times more in legal costs” then it could hope to recover.
The administrators and liquidators of failed auction house Mossgreen have had their $646,000 in fees approved over the objections of creditors, with a judge saying they were entitled to the remuneration after recovering more than $2 million in assets.
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