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The ACCC has approved the buyout of Australian energy giant Origin Energy, after finding that significant competition concerns were outweighed by the likely benefits to the country’s transition to renewable energy.
Ex-CEO of stockbroker BBY charged with aiding fraud
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The former CEO of collapsed Sydney stockbroking firm BBY Limited has been charged with two counts of aiding, abetting, counselling or procuring fraud.
Advisory firm Teneo bought Anna Whitlam’s company, now she’s suing
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A talent scout whose company was acquired by Teneo is suing the Australian arm of the global CEO advisory firm, alleging she endured 16-hour workdays and was exposed to a toxic, male-dominated work culture.
Diversity, merit not at odds, say backers of Vic Bar constitutional amendments
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Diversity and merit are not mutually exclusive, say supporters of changes to the rules governing barristers in Victoria, which will add to the Bar’s stated aims fostering inclusiveness and preventing discrimination.
Trial kicks off in adviser fee class action against NAB
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NAB unit NULIS Nominees was “hopelessly conflicted” in continuing to charge allegedly unlawful adviser commissions to superannuation fund members, a court has heard on the first day of a class action trial.
Westpac hit with another superannuation class action
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Westpac has been hit with a class action for allegedly overcharging superannuation customers for insurance coverage, months after paying $30 million to settle a separate superannuation class action.
Virgin Australia lobs cross-claim in bondholder class action
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A bondholder class action against Virgin is heating up, with the airline filing a cross-claim seeking the court’s approval to demand periodic payments from the applicant to cover its costs under a contentious indemnity clause.
Berejiklian’s ICAC challenge must run ‘expeditiously’, says judge
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A judge has set down former NSW premier Gladys Berejiklian’s bid to overturn a corruption finding by ICAC for a hearing in February and urged both sides to run the case expeditiously, saying speed would be a “hallmark” of the proceedings.
Commonwealth seeks dismissal of suit over alleged bullying by MP Rebekha Sharkie
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The Commonwealth of Australia has asked the court to throw out an adverse action suit brought by a former political staffer who says she was subjected to “a course of bullying behaviour” by South Australian MP Rebekha Sharkie.
Lawyers already tackling money laundering risks, new report shows
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A new report shows lawyers are already managing the risks of unknowingly facilitating money laundering and don’t need to be subjected to “an extreme, disproportional and potentially damaging AML/CTF regime”, according to the Law Council of Australia.