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The Kingdom of Spain must pay $56,000 in security to bring its challenge in a long-running dispute over whether it must pay a $200 million arbitral award to two renewable energy investors.
Courtenay House director slapped with 11-year sentence for $180M Ponzi scheme
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Courtenay House director Tony Iervasi has been sentenced to 11 years’ imprisonment after pleading guilty to charges connected to a $180 million Ponzi scheme that duped hundreds of investors.
Hyundai, Kia must produce docs to class action, can’t get by with ‘sample set’
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Hyundai and Kia have been ordered to produce further documents to allow a class action to investigate the nature and extent of alleged engine defects, with a judge rejecting the car makers’ bid to produce only a sample set of documents.
Corrs Chambers Westgarth poaches regulatory ace from Allens
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A managing associate at Allens who specialises in regulatory investigations and financial crime is joining the Corrs Chambers Westgarth partnership as a member of its investigations and inquiries practice group.
Austin Engineering to expand case against rival in spat over employee who jumped ship
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A judge has found ASX-traded mining equipment manufacturer Austin Engineering can use documents disclosed in its case against rival Schlam over a former employee’s alleged leak of confidential business information to expand its claims.
APIC scores early win in fight over Yarra Valley Lodge managed investment scheme
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The Australian Pacific Investment Corporation has scored a win a dispute with Vasco Trustees over a managed investment scheme at the Yarra Valley Lodge hotel, with a judge finding that ‘evergreen’ licensing agreements are invalid.
United Petroleum wins appeal of ruling security would stifle franchisee class action
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A court has overturned a decision that franchisees bringing a class action against United Petroleum should be spared a security for costs order, saying there wasn’t enough evidence to conclude that the case would otherwise be stifled.
Aristocrat gets another shot at Lightning Link patent after novel split High Court decision
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A judge has allowed Aristocrat to appeal a judge’s rejection of its application to patent its Lightning Link poker machine, citing novel questions raised by an equally split High Court decision about the patentability of its invention.
Thresholds unveiled for ACCC review under new merger laws
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The government has revealed the thresholds for mergers that will need to be reviewed by the Australian Competition and Consumer Commission under reforms that will take effect in 2026, promising to spare small acquisitions.
Judge ‘did not engage’ with necessary issues in Brisbane council worker’s negligence case
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An appeals court has found that a judge was not justified in dismissing a negligence case by a call centre worker who left her job over abusive phone calls, saying the judge failed to engage with the issues needed to decide the dispute.