The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.
Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier.
A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.
Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.
A disputes partner has departed Gilbert + Tobin, taking with him two high-stakes class actions against Toyota and Jaguar over alleged diesel filter defects and the firm says it will not focus on bringing more class actions.
A leading industrial and employment firm has mounted a High Court challenge to the CFMEU administration on behalf of two of the union’s former leaders, who argue the legislation that facilitated the administration was unconstitutional.
The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bank’s bid for soft class closure ahead of mediation.
Wealth investment firm Ord Minnett has filed a cross-claim arguing a former executive who claims he was sacked for complaining about a $110,000 cut in his pay imposed after ASIC slapped the firm with a penalty for breaching market rules.
The Pakistani government’s opposition to India’s attempt to register a composite ‘Basmati’ trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.
A former employee of internet service provider Broadband Solutions has been slapped with an injunction restraining his use of company materials and engagement with competitors, with a judge finding it is likely he breached confidentiality clauses.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
