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It has been a quiet time for the competition regulator under the stewardship of Gina Cass-Gottlieb, but on Thursday the enforcer urged companies and consumers to watch this space.
EML wins extra time to respond to class action’s ‘new case’
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Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
Landmark ruling to upend tax office’s practice of treating UPEs as loans
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An appeals court has found that an unpaid present entitlement to a corporate beneficiary is not a loan under tax law, upending the ATO’s longstanding practice of treating UPEs as part of a trustee’s assessable income.
High Court asked to weigh if principal builder owes duty to subcontractor’s employee
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An injured construction worker is challenging the dismissal of his case against the principal contractor on a Brisbane building site, saying it owed a duty of care to him as a sub-contractor’s employee.
No ‘judicial sympathy’ for Taringa shopping centre builder faced with insolvency
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A judge has order the winding up of a construction company contracted to build a Queensland shopping centre after the builder failed to comply with a statutory demand.
US property giant CoStar makes $2.7B play for Domain
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Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.
Stockland locks in $800M in deals with KKR, M&G Real Estate
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ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million.
Court approves $30M development in Sydney’s bayside
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The Land and Environment Court has been persuaded to approve a $30 million mixed-use development in central Rockdale, after initially rejecting the proposal.
Allergan may bring ‘state of the art’ defence in breast implants class action
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US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.
‘Disappointing’: Women barristers still receiving smaller chunk of briefing fees
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While the briefing rate targets for women barristers set by the Law Council of Australia’s equitable briefing initiative have been met, women barristers continue to receive a lower proportion of total briefing fees.