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Former senator David Leyonhjelm has lost his appeal of a ruling ordering him to pay $120,000 to Greens senator Sarah Hanson-Young for defaming her in a series of interviews in 2018.
Full Court to hear CUB dispute with ATO over 1,500 tax docs
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Carlton United Breweries has appealed a ruling ordering it to hand over almost 1,500 documents to the Commissioner of Taxation relating to an audit of the beer giant.
Court won’t save Greensill from ‘catastrophic’ expiry of $4.6B insurance policy
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Embattled financial services firm Greensill Capital has lost an emergency bid for a temporary mandatory injunction that would have forced its insurer to renew trade credit policies covering $4.6 billion in client loans as it fights to avoid collapse.
ASIC accuses REST of deceiving members over super fund transfers
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The Australian Securities and Investments Commission has brought court action against Retail Employees Superannuation, alleging the super trustee may have misled members about their ability to move their super out of the REST Trust.
Clough Limited can’t claim $15M in taxes from cancellation of employee entitlements, court rules
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Construction company Clough Limited cannot claim over $15 million paid to employees for cancellation of their shares and options as a tax deduction, with a judge dismissing the Perth-based company’s appeal of a decision from the Commissioner of Taxation.
Teens’ class action warns of ‘catastrophic harm’ if Whitehaven coal mine approved
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Trial kicked off Tuesday in a landmark class action brought by teenagers seeking to halt the expansion of a Whitehaven coal mine in NSW, with the barrister for the teens arguing catastrophe was likely if the expansion was blessed by the Federal Minister for the Environment.
Herbert Smith Freehills warned Arrium of insolvent trading risk, court told
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Doomed iron and steel giant Arrium attempted to stave off its inevitable $2.8 billion collapse and put off negotiating with its lenders until the last minute despite warnings from its legal and financial advisors, liquidators for the company told the court.
Group members to get more than half of $37.75M Estia class action settlement
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More than half of the $37.75 million settlement reached in a shareholder class action against aged care provider Estia Health will be left for distribution to group members if the settlement is approved at an upcoming hearing.
Dentons lures construction ace, as firm eyes 25% growth in partner ranks
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Dentons has snagged one partner and four lawyers from a Perth law firm to join its recovery and restructuring team, as part of its ambitious 2021 growth strategy.
Financial adviser drops defence in ASIC’s bad advice case against IOOF unit
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A former financial planner of IOOF unit RI Advice, who has been accused by ASIC of pocketing hefty commissions from clients steered to risky investments, has abandoned his defence on the second day of trial.