Insurance
Credit Suisse says Linklaters advice, Deloitte reports shielded by privilege
Credit Suisse is fighting a bid for access to Deloitte reports commissioned by a Swiss law firm and advice from Linklaters, in litigation against insurers over the collapse of supply chain finance company Greensill Capital.
Restructuring & Insolvency
Mine & Rail creditor Tacora wins pause of DOCA
A judge has frozen a DOCA for failed mining company Mine & Rail's Australian business, the latest chapter in a dispute with US investor Tacora Capital, which has sued in the US alleging the company concealed its deteriorating financial position while securing more than US$30 million in funding.
Employment
Victorian businesses come out swinging against proposed WFH law
Victorian businesses are seeing red over the state government's proposed law to allow employees to work from home two days a week and make employers cover the reasonable costs of the arrangement.
Financial Services
Deutsche Bank fined $2M for allegedly misreporting OTC transactions
Deutsche Bank has copped a $2 million fine for misreporting more than 260,000 over-the-counter derivatives transactions over a period of more than 200 business days.
Class Actions
No-show Westconnex class action funder raises judge’s ire
A hearing to replace the applicants in a class action over Sydney's $16 billion WestConnex project has been postponed a fourth time by an exasperated judge, who on Monday called out the absent litigation funder for being "grossly uncourteous".
Restructuring & Insolvency
Unconscionable conduct case against Hall Chadwick receivers arguable, court says
A judge has restrained the receivers of Kimberley Pearl Tours from selling the key assets of the business, finding that the WA tourism company has a reasonably arguable case that they were appointed in bad faith to exert pressure on the company.
Restructuring & Insolvency
Paul Chiodo can’t dodge production of bank statements in Keystone probe
Former Keystone Asset Management director and developer Paul Chiodo will have to produce bank records for himself and family members, after a judge shot down his appeal of a ruling ordering production.
Employment
Failed space start-up ordered to pay $2.4M to former CEO
A judge has ordered failed space start-up Equatorial Launch Australia to pay its former chief executive $2.4 million for breaching a commitment amount contract, despite the company now being in liquidation.
Human Rights
Jayson Gillham loses suit against MSO over concert cancellation
A judge has found the Melbourne Symphony Orchestra did not discriminate against pianist Jayson Gillham on the basis of political belief by cancelling a concert after he made comments that were critical of Israel's conduct in Gaza.
Employment
Sunday pay rates class actions flag constitutional challenge over bill
Four class actions against retail and fast food giants in South Australia have foreshadowed a constitutional challenge against proposed legislation that would retrospectively strip workers of the right to earn Sunday pay rates.
