ASIC can’t access PwC report at centre of privilege fight with Terracom

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A judge has rejected a bid by the corporate regulator to access an unredacted PricewaterhouseCoopers report commissioned by coal miner TerraCom ahead of a challenge to a decision that cleared the way for the regulator to eye the document as part of an investigation.

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ACCC goes after Ultra Tune again, this time for contempt of court

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Ultra Tune is facing contempt of court proceedings for allegedly breaching a judge’s orders and failing to meet the requirements of a court-ordered compliance program, instituted after the company copped a $2 million fine for contravening its disclosure obligations to franchisees.

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ASIC triumphs in appeal against payday lenders Cigno, BHF

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ASIC has won an appeal of a judge’s decision that found Gold Coast-based payday lenders Cigno and BHF did not need a licence to issue loans to hundreds of thousands of consumers.

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Optus warns of ‘irreversible consequences’ of Telstra, TPG network deal

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Optus has railed against the proposed network sharing agreement between Telstra and TPG, warning that it spells the return of a communications monopoly in regional Australia.

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New Zealand should regulate class actions, allow CFOs: report

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The New Zealand law commission has called on the government to implement a class action regime that would allow funders to seek the equivalent of a common fund order to “improve access to justice and efficiency in litigation”.

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Law firm went ‘far beyond permissible scope’ of involvement in expert report, court says

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The conduct of Corrs Chambers Westgarth in the preparation of an ostensibly independent expert report in a trade secrets case “must not be repeated”, a judge has said, throwing out the expert’s evidence as potentially tainted by the law firm’s involvement.

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Nuix ex-CEO not entitled to ‘special treatment’, trial judge told

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The former boss of embattled tech company Nuix is asking for “special treatment” by arguing he is owed $183 million in options under a 2008 agreement, a judge has heard on the first day of trial in the ex-CEO’s case.

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‘Where are our rights?’: ASIC wants to be heard in privilege row over PwC report

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ASIC has renewed its bid to see a PricewaterhouseCoopers report commissioned by TerraCom in order to defend the coal mining company’s appeal of a judgment that found the regulator could view the report because of public statements made by the company.

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