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An entity associated with the director of defunct Sydney builder Quasar Constructions has failed to hand over details about its assets to liquidators, prompting further orders with a warning from the court.
Babcock & Brown liquidator settles all remaining shareholder claims
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A judge has signed of on a settlement struck by the liquidator for failed financial services firm Babcock & Brown, which will resolve all remaining and future shareholder disputes, which have beleaguered the liquidator for 12 years.
ACCC resumes review of Acciona’s bid for East Rockingham waste-to-energy plant
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The ACCC has picked up its review into Acciona’s bid to acquire the $500 million East Rockingham waste-to-energy project in Western Australia, after hitting pause last month.
Government to require crypto exchanges to hold financial services licence
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Cryptocurrency exchanges will be required to hold an Australian Financial Services Licence under proposed legislation announced by assistant treasurer Dr Daniel Mulino.
High Court asked to clarify test for damages in shareholder class actions
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Saying the appeals court committed “fundamental errors” in approaching their claim of loss, the applicants in failed cases against the Commonwealth Bank have appealed to the High Court, in a case that could clarity the elusive test for damages in shareholder class actions.
Macquarie admits failures over Keystone, vows to repay investors
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Super trustee Macquarie Investment Management has admitted it failed to act efficiently, honestly and fairly after thousands of members invested $321 million in a Keystone fund under investigation for misusing funds.
Qld’s top judge says lawyers citing non-existent cases risk referral, costs
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The Chief Justice of the Queensland Supreme Court has warned lawyers they could be referred to the legal watchdog or face a personal costs order if they file submissions that contain hallucinations produced by generative artificial intelligence.
Abbey in ‘pyrrhic victory’ against Virbac over antiparasitic drug patent
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Abbey Animal Health has managed only a “pyrrhic victory” in a patent case against rival Virbac over an antiparasitic drug, and must withdraw its Levamox Duo product from the market, a court has found.
Puma loses trade mark catfight with Tiger Woods’ sportswear brand
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Puma has lost its opposition to a trade mark application by Tiger Woods’ golf apparel and equipment brand Sun Day Red, failing to convince the Trade Marks Office that the company’s logo is deceptively similar to its iconic leaping cat mark.
University of Wollongong to pay $6.6M to underpaid staff
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The University of Wollongong has agreed to pay over $6.6 million to thousands of underpaid staff members as part of an enforceable undertaking with the Fair Work Ombudsman.