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Banks have agreed to refund low income customers a total of $93 million in excessive fees following an investigation by ASIC, but the Commonwealth Bank has refused to make $270 million in further repayments.
Ford class action might be destined for High Court again
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A defects class action against Ford, which has been on foot since 2016, might end up at the High Court for a second time, a court has heard.
Rebel Wilson sued by UK production company over ‘false and derogatory’ statements
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Actor Rebel Wilson has been sued by a UK production company that co-produced her film The Deb, claiming she “deliberately undermined” the movie’s distribution.
Law professor sues Melbourne University over suspension for ‘Blak’ activists email
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A law professor has sued Melbourne University for adverse action after he was allegedly suspended over a 2023 leaked email claiming Indigenous activism was leading to the institution’s “destruction.”
‘The end is still not in sight’: Negligence suit against HWLE sent to referee
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A lot has changed in Australia and the US since 2016, when Turnbull and Obama were still in power, but the same can’t be said for a negligence suit against HWL Ebsworth filed by a client that year, laments a wistful judge.
Woodside reaches ‘historic’ deal with ExxonMobil to run Bass Strait operations
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Woodside has agreed to take over the operation of the Bass Strait gas assets from ExxonMobil Australia, in a “historic” deal that could unlock future gas development.
FW Projects liquidators take directors to court for alleged insolvent trading
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The liquidators of collapsed developer FW Projects have filed action against former directors of the company, seeking to claw back debts of millions of dollars arising from alleged insolvent trading.
Pension fund giant to invest $1B in Octopus renewable energy platform
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Dutch pension provider APG Asset Management has partnered with renewable energy fund manager and developer Octopus Investments, vowing to invest over $1 billion into Octopus’s flagship investment fund.
Lendlease reveals Japanese partners for $2.5B Hyde Park development
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Two Japanese real estate giants will partner with Lendlease on its plan to develop a $2.5 billion luxury apartment complex overlooking Sydney’s Hyde Park.
Carpe Diem acquires boutique Potts Point co-living apartment building
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Real estate funds manager Carpe Diem has scooped up the 42-room UME Potts Point co-living apartment block in Sydney’s east.