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A newly appointed judge has disqualified himself from hearing a group of cases over Greensill’s $1.7 billion collapse, after he acted as counsel for insurer Marsh in a related dispute.
Will ACCC pick up pace of competition enforcement after sluggish two years?
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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.