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The Commonwealth has agreed to fund a public examination into the affairs of collapsed Queensland-based construction group JM Kelly, after liquidators uncovered a complicated web of inter-company loans.
Judge has ‘no sympathy’ for ACCC’s attempt to block Ultra Tune appeal
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Ultra Tune has been given the go-ahead to challenge a $2.6 million penalty for alleged breaches of franchising and consumer laws, after a judge said she had “no sympathy” for the consumer regulator’s opposition to the car repair franchisor’s bid for more time to lodge an appeal.
Ryan Wilks loses appeal after sacking employee for ‘inoffensive drunkenness’ at work party
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The Fair Work Commission has dismissed an appeal by Ryan Wilks challenging a finding that the electrical and engineering company unfairly sacked an employee for getting drunk at a work function hosted by the Sydney Opera House, a major client.
HWL Ebsworth partners on trial for alleged negligence over Sydney land tender
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HWL Ebsworth’s partners are facing trial in a case blaming the law firm and the NSW government for losses stemming from the $28.5 million sale of Crown-owned Sydney land to property developer PPK Group.
ANZ to fully repay fees for no service customers after ASIC says partial payments won’t cut it
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ANZ Bank will repay in full customers who were charged fees for no service after the corporate regulator pulled the bank up on its practice of partially remunerating some clients as part of a remediation program.
Judge takes ax to $5.7M bill by liquidators of SK Foods units
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A court has taken an ax to the final bill by liquidators of three failed subsidiaries of multi-national agribusiness SK Foods Group, lopping off 30 per cent after a successful intervention by the corporate regulator, which called the more than $5.7 million claimed by the liquidators excessive.
Ernst & Young strikes back in Quintis class action
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Ernst & Young, which has been named in a class action over its auditing of sandalwood producer Quintis, has filed cross-claims alleging Quintis should pick up the tab for any liability it may face in the proceedings.
AIG loses appeal over insolvency exclusion in Kaboko Mining D&O policy
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AIG Australia has failed to convince the Full Federal Court that an insolvency exclusion in a directors and officers policy held by Kaboko Mining should exempt it from covering claims brought by the collapsed mining company against four former executives after a failure to repay a US$5.95 million loan allegedly led to the company’s insolvency.
ACCC rejects Meredith Dairy resale price maintenance plan
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The Australian Competition and Consumer Commission has rejected a resale price maintenance plan by Meredith Dairy that would block resellers from selling its goat cheese products below a specified price, saying the potential harm to competition was not outweighed by any benefits.
$1.1M settlement in Quaker Hill Nursing Home class action wins court approval
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A court has given the green light to a $1.1 million class action settlement with the owners of Sydney’s Quakers Hill Nursing Home over a fire deliberately lit by one of its employees in 2011.