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A class action against implant maker Exactech has been stayed in light of its US bankruptcy, but a carve out allows the firm that brought the case to continue settlement negotiations.
High Court asked to weigh in on ‘public purpose’ for land acquisition
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Transport for NSW has asked the High Court to weigh in on when land is acquired for a ‘public purpose’, in a dispute over the value of land acquired near the Western Sydney Airport.
Baker McKenzie partner returns from Hogan Lovells
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Baker McKenzie has welcomed back a seasoned banking and finance partner after his five-year stint at Hogan Lovells came to an end when the firm decided to close its Sydney office.
Judge trims funder’s cut in $38M Mayne Pharma class action settlement
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Save (1) Please login to bookmark Close Username or Email Address Password Remember Me A judge has signed off on a $38 million settlement in a shareholder class action against Mayne Pharma but has slashed a 27.9 per cent commission for the funder that backed the case. Victorian Supreme Court Justice Andrew Watson approved the…
New Zealand’s highest court endorses early common fund orders
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ANZ Bank New Zealand has lost its bid to appeal a ruling that common fund orders can be made in class actions, including at an early stage of the proceeding,
Chartered Accountants drops investigation into ex-PwC tax partner
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Accounting disciplinary body Chartered Accountants ANZ has dropped its investigation into former PwC tax partner Wayne Plummer, who was linked to the firm’s tax leaks scandal in 2023.
$230M Macquarie student accommodation wins development approval
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Developer Freecity has won court approval for its plans for a 19-level, $230 million student accommodation development near Macquarie University, after its plans were initially knocked back by the local council.
ACCC report spotlights delays in gas infrastructure
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The Australian Competition and Consumer Commission has warned new gas production is “not being brought online fast enough” and called for measures to smooth the transition of the energy and has markets.
Albanese government injects $200M for WA housing, infrastructure
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The federal government has announced a $200 million investment aimed at boosting housing and infrastructure in regional Western Australia.
Taiwan’s HDRE inks deals for solar energy collaboration
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Allens has brokered a deal between Australian renewable company ZEN Energy and Taiwanese company HDRE to create a battery system that will increase national solar storage by 33 per cent.