Please login to bookmark Close
The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition.
Maybe happy ending for EY after mass defection of tax team to Alvarez & Marsal
Please login to bookmark Close
Likening its position to the “Goldilocks zone”, EY has secured documents from rival Alvarez & Marsal as it weighs potential litigation over the mass departure of partners and staff from its international tax practice.
State blasts ‘magical thinking’ of hotel quarantine class action
Please login to bookmark Close
The state of Victoria has attacked the “magical thinking” of a class action over its COVID-19 hotel quarantine debacle, as the applicants seek to plead an alternative case holding the state responsible for a wave of infections.
AMP hit with another class action over ‘inflated’ insurance premiums
Please login to bookmark Close
AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was “in search of a case” more than four years after being filed.
Mastercard slams ACCC’s novel push for communications with lawyers
Please login to bookmark Close
Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.
Roberts Co appeals decision on $3.2M after-hours payment claim
Please login to bookmark Close
Roberts Co has appealed a decision which required it to pay the entirety of subcontractor Sharvain Facades $3.2 million payment claim, despite it being filed after hours on a Friday.
AUSTRAC orders audit of Western Union over AML/CTF concerns
Please login to bookmark Close
AUSTRAC has ordered an external audit of international funds company Western Union after sounding the alarm about its compliance with anti-money laundering regulations.
Whyalla Port administrators win bid to delay creditors meeting
Please login to bookmark Close
The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.
Orica scores $432M from for Hunter Valley hydrogen hub
Please login to bookmark Close
The federal government is leaning into renewable hydrogen to decarbonise Australia’s heavy industries, providing up to $432 million to explosives and ammonia manufacturer Orica for its Hunter Valley hydrogen hub.
Provisional liquidators appointed to Melbourne developer Lion Property
Please login to bookmark Close
A court has appointed provisional liquidators to Melbourne developer Lion Property Group after hearing that $120 million of investor money was not properly accounted for.