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AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard.
MinRes wins bid for Chevron docs in dispute with Pilbara Ports Authority
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Mineral Resources has won a bid for more documents in its fight with the Pilbara Ports Authority over the validity of a channel charge, which it argues was imposed to cover amounts owed to Chevron for construction costs.
IGA can’t sue over council planning amendment, High Court told
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The Victorian planning minister has told the High Court that IGA can’t bring a lawsuit over a local council amendment allowing up to four supermarkets in the town of Shepparton, saying the case does raise a jurisdictional error.
Activists lose injunction bid in battle over Sydney reserve
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A judge has refused an activist group’s bid for an injunction against the Hills Shire Council over its plans to build a rugby sports field on Fred Caterson Reserve.
ACCC flags 54 problem servos in Ampol’s $1.1B deal to buy EG
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The ACCC has narrowed the number of local sites in its sights as part of an assessment of Ampol’s $1.1 billion acquisition of EG Australia, but the “metropolitan-wide” effects of the merger in four major cities are under the microscope.
Wentworth Capital pays $390M for Novotel, Ibis hotels in Sydney
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Sovereign wealth fund Abu Dhabi Investments Authority has sold the Novotel and Ibis hotels in Sydney’s Darling Harbour to Wentworth Capital for $390 million.
Sydney Uni wants to amend case against Multiplex over Charles Perkins Centre
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The University of Sydney is seeking to push back the trial date in its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre, alleging it has recently discovered new problems with the building.
Coles says discount policies justified at time of ‘dramatic’ inflation
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Coles has told a court that its decision to change its discount policies was unsurprising during a period of significant inflation, denying claims by the ACCC that its ‘Down Down’ promotions were misleading.
Quinn Emanuel ducks $24M security in hotel quarantine class action
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A judge has ordered the firm behind a class action over Victoria’s COVID-19 hotel quarantine program to pay another $3.6 million in security for costs, a far cry from the $24 million sought by the state to cover its outlay.
White & Case nabs KWM corporate partner
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White & Case has lured a partner from King & Wood Mallesons with more than 20 years of experience working on private equity and mergers and acquisitions.