Forum Finance director Vince Tesoriero has been banned from managing companies for five years due to his involvement in the failure of 20 companies, including Forum, through which he and partner Bill Papas defrauded Westpac out of $400 million.
The High Court has dismissed Sunshine Loans’ second attempt to have a judge recuse himself from a penalty hearing in ASIC’s case against the payday lender, despite his criticism of a witness due to give further evidence.
The Commonwealth Bank has avoided a separate hearing over its cross-appeal in shareholder class actions that have reached the High Court.
The Australasian Centre for Corporate Responsibility has appealed the dismissal of its greenwashing case alleging Santos misled investors by falsely representing that it had a plausible path to net zero by 2040.
The Commonwealth has hit back at a class action’s appeal over the government’s 2011 live exports ban, denying that it lied to an Indonesian minister about the ban.
Dexus can question APAC’s chair on the material relied on by the Melbourne Airport operator in issuing a default notice requiring the real estate asset manager to sell its stake, ahead of trial in a fight over the validity of the notice.
After a win in their spat over the sale of Brazil’s Santa Rita nickel mine, two Australian companies who held all shares in the mine’s owner, Atlantic Nickel, may seek costs against Omni Bridgeway and Balance REV, the litigation funders of the loser in the case.
Victoria’s construction regulator has charged builder Glenvill Construction with breaching new laws requiring builders to hold a domestic building insurance policy before receiving deposits for contracts.
Liquidators for defunct residential builder Modco have defeated a summary dismissal bid in a case over unfair preference payments but have been ordered to pay indemnity costs after 10 months passed without them taking a step in the proceeding.
A class action by property owners near a GrainCorp factory in rural Victoria has defeated the company’s bid for security for costs, with a judge finding the orders would stultify the proceedings.
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