Insurance
Final case over Greensill collapse settles against IAG, Tokio Marine
Investment firm White Oak has settled its case against IAG, Tokio Marine and subsidiary BCC alleging the insurers were liable for $200 million in damages following the collapse of supply chain finance company Greensill.
AUSTRAC
Star hit with $260M fine for ‘egregious’ money laundering failures
A judge has ordered Star Entertainment to pay a $260 million penalty for anti-money laundering and counter-terrorism financing failures, saying the casino turned a “blind eye” to customers likely linked to organised crime.
ASIC
QBE to contest ASIC penalty over misleading discounts
Insurer QBE will dispute ASIC's proposed penalty after admitting that its pricing model misled customers.
Class Actions
Class action probe targets Uber over driver misconduct claims
Uber is facing a class action investigation on behalf of women riders who have been subjected to assault, harassment or other misconduct by drivers.
Employment
Wotton Kearney faces Fair Work suit by former senior associate
A former senior associate at Wotton Kearney has brought a Fair Work case against the law firm, alleging he was unfairly dismissed from his role.
Business of Law
Sydney primed to become a global legal hub, report says
Sydney has the legal talent, a speedy court and the necessary arbitration facilities to become an international legal hub, but needs government backing and a stronger pitch to the world, according to a new report.
M&A
Clive Palmer’s resort company convicted of breaching takeover law
Clive Palmer's resort company Palmer Leisure Coolum has been fined $10,000 after pleading guilty to breaching takeover law arising from its proposed acquisition of The President’s Club.
Employment
Uber can’t stay reactivation of speeding driver pending appeal
Uber's bid to halt an order for reactivation of a driver who went over the speed limit on four trips has been rejected by the Fair Work Commission, which said the rideshare giant had not established any risk arising absent a stay.
Accounting
Accounting firm defeats conflict claim arising from Snap family feud
Perth accounting firm NKH has defeated a claim brought by the granddaughter of Snap Printing founder Stan Watt, who alleged the firm failed to manage a conflict of interest while acting for her and her siblings during a family dispute.
Employment
Payton Capital state manager appeals failed whistleblower claims
A former state manager of HMC-owned property investor Payton Capital has appealed a finding that his disclosures about two investments were not a substantial or operative factor behind his dismissal.
