ASIC investigating ASX over December settlement outage

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The corporate regulator has commenced an investigation into ASX’s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas. 

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SkyCity Adelaide settles tax dispute with SA treasurer for $38.1M

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SkyCity has agreed to settle its dispute with the Treasurer of South Australia over the treatment of electronic gaming credits after losing its High Court challenge in October. 

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Ex-Super Retail lawyer appeals suppression orders

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Super Retail Group’s former top lawyer is fighting the dismissal of her application for performance of a settlement she says was reached following her dismissal from the company.

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ACCC launches probe into IAG’s $855M bid for RACQ’s insurance biz

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The competition regulator is seeking views on whether IAG’s bid to acquire a 90 per cent stake in RACQ’s insurance underwriting business for $855 million could saddle consumers with higher prices.

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Judge recuses himself from United Petroleum’s fight with Perth Airport over lease

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A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.

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Associate of Graaf Group founder can’t block sale of $22M Potts Point property

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A judge has rejected an “ambitious and novel” freezing order sought by a creditor and former associate of bankrupt Graaf Group founder Gennaro Autore over a $22 million boutique hotel in Potts Point.

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Armour takeover case against Baker McKenzie can’t boost damages to $135M

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A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

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Banksia silk wants to cross-examine prosecutor’s witnesses in criminal case

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Disgraced barrister Norman O’Bryan will seek to grill two witnesses for the prosecution in a criminal case accusing the former silk of attempting to fraudulently obtain $1.3 million in fees.

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