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The Democratic Republic of East Timor has lost its bid to dismiss a lawsuit brought by oil and gas firm Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement, with a judge finding the court has jurisdiction to hear the case after an ICSID panel declined to arbitrate the dispute.
An appeals court has criticised the 'weak' legal position of the owners of Chadstone Shopping Centre in Melbourne, throwing out their multi-million dollar appeal of a ruling in favor of anchor tenant Myer.
Daily Telegraph publisher Nationwide News has appealed a $850,000 judgment against it in a defamation case brought by actor Geoffrey Rush, saying the judge who presided over the case was biased.
Lawyers for Deloitte were questioned by an appeals court Monday after arguing that the accounting giant's partners had no access to the firm's files, stored in a locked "litigation room", and no power to hand them over to comply with discovery orders in a shareholder class action over the collapse of client Hastie Group.
Banking giant Westpac has criticised the Australian Securities and Investments Commission's old fashioned approach to home loan serviceability, saying its own complex system is more efficient and would "pass muster" in the face of the regulator's allegations that it breached responsible lending laws.
The Australian Securities and Investments Commission has narrowed its case against Westpac ahead of a high-stakes trial over the bank's alleged violations of lending laws, striking claims that certain home loans were unsuitable for consumers.
The NSW Government has successfully added a proportionate liability claim against two contractors to its defence in the Sydney light rail nuisance class action, over the objections of the lead plaintiff in the case.
Woolworths' knowledge of its poor performance on price perception among shoppers in 2014 is at the centre of a $100 million shareholder class action against the retailer, a court heard Friday.
Uber has been with a class action on behalf of more than 6,000 drivers and license owners alleging the ride-sharing giant caused them harm by operating illegally in four states across Australia.
AMP is set to be the next target of a $1 billion class action blitz by Slater & Gordon on behalf of superannuation members, facing a case on behalf of over half a million Australians allegedly gouged by excessive fees on their AMP superannuation accounts.