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King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair’s merger created one of the world’s largest global law firms.
ASIC sues super trustee over $300M investment in First Guardian fund
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ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund.
Commonwealth Bank pays record penalty over consumer data sharing failures
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The Commonwealth Bank has paid $792,000 in penalties after the consumer watchdog found it had failed to enable data sharing for certain business customers.
Judge rejects notice that KFC class action said would ‘blow up’ settlement talks
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A judge has refused a bid by several KFC franchise owners to send a notice encouraging group members register for an underpayments class action prior to mediation, which the applicant argued would “blow up” settlement talks.
JLL manager admitted harassment ‘morally unacceptable’, defence says
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Commercial real estate group JLL has hit back at a case by a former CEO who says he was sacked over his handling of a harassment complaint against a manager, arguing the manager admitted his behaviour was “completely unacceptable”.
CIP can subpoena police in $30M suit over Carver’s Reach development
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CIP Group can subpoena Queensland Police, with a judge finding the timing of an ex-business partner’s complaints to police may be material to a change of tack in CIP’s $30 million suit over a residential development.
No split trial in suit over confidential South Australia solar plant info
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Solar developer Green Gold Energy has lost its bid to bifurcate an upcoming trial in its case accusing competitor Trina Solar of misusing its confidential information, with a judge citing the risks of a retrial.
Lifestyle to offer new fee model to existing owners after VCAT appeal
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Retirement village operator Lifestyle Communities will offer a new fee model to existing homeowners following an appeal of a ruling in July that its exit fees were unenforceable.
Fight breaks out over $3.5M surplus from Callide administration
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IG Energy and former subsidiary IG Power — now owned by Czech investment firm Sev.en — are fighting over a $3.5 million surplus from the administration of IG’s interest in the Callide Power Station in Queensland.
Mirvac tapped as developer for old Sydney Fish Market site
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Developer Mirvac has been picked to transform the old Sydney Fish Market site, beating out Lendlease and Stockland Urban as the Infrastructure NSW’s preferred bidder.