The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA’s insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.
AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from “serious misconduct” that came to light curing the 2018 banking royal commission.
Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 merger agreement and that it is therefore not on the hook for a break fee.
Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.
Gilbert + Tobin has poached a litigation partner from Jones Day, strengthening the law firm’s blue ribbon disputes practice.
King & Wood Mallesons has announced its China and Australia partnerships will split into two independent firms, 14 years after the pair’s merger created one of the world’s largest global law firms.
ASIC has sued superannuation trustee Diversa for investing $300 million in retirement savings into Falcon Capital’s failed First Guardian Master fund.
Collapsed supply chain finance company Greensill Bank can’t access a copy of a Tokio Marine unit’s database, with a judge finding the copy was created for the primary purpose of HWL Ebsworth providing legal advice.
A judge has granted a 30-year suppression order shielding the names of individuals in a case over the Environment Minister’s decision to declare a section of the McPhillamy’s gold mine project heritage protected.
BHP has reached a $3 billion agreement with BlackRock for the asset manager’s Global Infrastructure Partners to take an interest in Western Australia Iron Ore’s inland power network.