AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from “serious misconduct” that came to light curing the 2018 banking royal commission.
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA’s insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
ADCO Constructions did not agree to guarantee work done by its subsidiary on the Kew Recreation Centre, a court has found, limiting Boroondara City Council’s options following a roof collapse.
A Dexus managed fund has paid $683 million to Scentre Group to increase its stake in Brisbane’s Westfield Chermside shopping centre.
Fletcher Building Group unit Iplex has lost its bid to save its parent company from being joined to a case brought by builder J-Corp over allegedly defective pipes.
A developer has failed to revive its $400 million lawsuit against an investor over a development at the site of the former Pentridge Prison in Victoria, with an appeals court agreeing the case was properly dismissed.
Ashurst has advised a syndicate of lenders on the $830 refinancing of Potentia Energy’s national portfolio of renewables assets.
The competition regulator has cited the public interest in its misuse of market power case against Mastercard in fighting suppression applications by the credit card giant and its heavy-hitter customers, including Coles and Visa.
Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 merger agreement and that it is therefore not on the hook for a break fee.
In a defence to its former chief legal officer’s unfair dismissal case, online travel agency Webjet says the sole reason for her sacking was “ongoing underperformance”.
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