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NAB super fund trustee NULIS Nominees had no power to continue charging members for $165 million in fees to pay adviser commission after conflicted remuneration was banned in 2016, an appeals court has heard.
High Court asked to undo stay in dispute over Bass Strait royalties
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The High Court has been asked to undo a stay granted to gas giants Esso and Woodside in a lawsuit related to a project for extracting hydrocarbons in the Bass Strait.
University of Sydney can add $80M defect claim in case against Multiplex
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The University of Sydney has won its bid to add an $80 million claim to its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre.
KWM advises Wollemi Capital on blended finance facility
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King & Wood Mallesons has advised Wollemi Capital on a blended finance facility provided by not-for-profit Transition Accelerator for a carbon credit reforestation project in Western Australia.
Court orders sale of Vantager properties, after finding ‘brazen fraud’ in $45M sale
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Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer’s “brazen fraud and dishonesty”.
Corporate advisory firm Cadence loses out in building defects suit
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Corporate advisory firm Cadence has left court worse off after bringing a defects suit against a builder and subcontractor on a residential development in New South Wales’ south coast, with the builder winning a $140,000 judgment on its cross-claim.
Pilbara Ports Authority ordered to produce docs in fee fight with MinRes
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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.
Lander & Rogers strengthens disputes team with lawyer from HSFK
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Lander & Rogers has hired a disputes lawyer from Herbert Smith Freehills Kramer to join its Brisbane-based commercial disputes practice as a partner.
CPE Capital wins $96M in dispute over profit-sharing agreement
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A judge has awarded private equity firm CPE Capital, formerly CHAMP, $96 million in a dispute over a profit sharing agreement that was part of a deal to provide $150 million in vendor finance to FX Group Holdings for shares in trading platform Pepperstone.
Human rights activists want in on High Court copyright case
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Human rights and press freedom activists want to intervene in a High Court case over copyright ownership in abattoir footage obtained by trespass, saying the broader public interest might be affected by the case.