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COVID-19 lockdowns may have ended years ago but the impacts on small businesses are only now being seen, with larger companies likely to suffer a “contagion effect” in 2024, says K&L Gates’ newest partner.
Thiess dodges lawsuit over $54M contract for Wheatstone natural gas project
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Thiess has defeated a lawsuit by a rock supplier seeking $9.3 million in damages for alleged delays by the mining services giant in receiving materials for work on Chevron’s Wheatstone natural gas hub.
Care A2’s $358M cross-claim a ‘new front’ in battle with Gensco, judge says
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Care A2 Plus must hand over $675,000 in security for costs to pursue a $358 million cross-claim in a lawsuit by former business partner Gensco, after a judge found the infant formula company’s claims were a “counterattack”, and not merely defensive.
PepsiCo appeals loss in case over royalty withholding tax
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US drink giant PepsiCo has lodged an appeal of a court win for the Australian Taxation Office over payments made by Schweppes under a distribution agreement that were found to be subject to royalty withholding tax.
Judge discontinues council class action against insurer JLT, won’t pause clock
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A judge has discontinued a class action by Victorian councils against insurer JLT Risk Solutions, but has departed from the decisions of two other judges by ruling the suspension of the time limit for bringing the councils’ claims will immediately be lifted.
CBA class action judge may weigh impact of two failed shareholder cases
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Awaiting judgment in Federal Court class actions by shareholders over its money laundering risk disclosures, the Commonwealth Bank will ask the court to reopen the case to consider the relevance of two recent decisions that found shareholders in other class actions had failed to prove loss.
Victorian gambling watchdog faces bullying claim by ex-media advisor
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A former senior media advisor for the Victorian Gambling and Casino Control Commission has sued the watchdog, alleging she was fired after complaining about bullying behaviour by a senior employee.
Penta Capital fined for alleged false claims of $6.9B under management
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The Australian Securities and Investments Commission has handed Queensland investment firm Penta Capital a $53,280 fine for allegedly making false statements on its website, including that it managed $6.9 billion on behalf of retail, wholesale and institutional clients.
Government rejects $510M settlement offer in live exports class action
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The Minister for Agriculture has rejected an offer to settle a nine-year-old class action over the government’s 2011 ban on the live export of cattle for $510 million plus up to $390 million in legal costs and interest.
ME Bank hit with $820,000 penalty for misleading borrowers
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Bank of Queensland will pay a $820,000 penalty after its Members Equity was found guilty of criminal charges over misleading representations, with a judge finding the defunct direct bank was no less responsible because the offending conduct resulted from a systems error.