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Vero files appeal to get out of combustible cladding class action
Appeals 2023-08-08 11:18 pm By Cat Fredenburgh

Insurer Vero is fighting a ruling that added it to a class action against cladding manufacturer Fairview Architectural over allegedly combustible cladding. 

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Tax Commissioner appeals Hannover Life win on tax credits
Appeals 2023-08-07 1:35 pm By Cat Fredenburgh

The Commissioner of Taxation has appealed a judgment that found reinsurer Hannover life should be allowed tax credits for GST paid on a share of its overheads, including rent and power.

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ACCC rejects $4.9B ANZ, Suncorp merger
Financial Services 2023-08-04 12:18 pm By Cat Fredenburgh

The ACCC has rejected ANZ’s $4.9 billion acquisition of Queensland-based Suncorp, setting up a likely challenge before the Australian Competition Tribunal.

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Funder wins indemnity costs despite ‘tactical’ $2M settlement offer
Business of Law 2023-08-04 11:01 pm By Cat Fredenburgh

A funder has won its bid for indemnity costs following a $2 million settlement offer, despite the offer being a ‘tactical’ move for costs protection in its successful $14.8 million claim against a Sydney property developer. 

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Crumbs! Kraft loses opposition to Mars patent for chocolate flavour
Intellectual Property 2023-08-03 11:13 pm By Cat Fredenburgh

An IP Australia delegate has shot down Kraft’s opposition to a Mars patent for a less costly method for producing the distinct creaminess and flavour of crumb chocolate.

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Resort not vicariously liable for actions of urinating employee, High Court says
High Court 2023-08-02 10:14 pm By Cat Fredenburgh

The High Court has found a Whitsundays resort is not vicariously liable for the actions of an employee who urinated on his roommate in staff accommodation after a night of drinking, finding the act had “no real connection” to his employment.

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Norton Rose lures construction pros back from Clyde & Co
Business of Law 2023-08-01 11:16 pm By Cat Fredenburgh

Norton Rose Fulbright has lured back two leading construction lawyers to the firm from Clyde & Co, along with a third leading construction and projects specialist.

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EY points finger at Blue Sky in shareholder class action defence
Class Actions 2023-07-31 10:32 pm By Cat Fredenburgh

Auditor Ernst & Young has filed cross-claims against Blue Sky in a shareholder class action accusing the collapsed investment firm of misleading shareholders by misstating its assets under management.

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Investment manager charged with forging portfolio report
Financial Services 2023-07-31 10:46 pm By Cat Fredenburgh

An investment manager has been arrested and charged with providing prospective investors with forged portfolio reports.

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Phoenix hit with record $438M penalty for unconscionable enrollment practices
Competition & Consumer Protection 2023-07-28 10:13 pm By Cat Fredenburgh

Collapsed vocational education provider Phoenix Institute and its marketing arm have been hit with a record $438 million penalty after a judge found they acted unconscionably and with “callous indifference” by enticing vulnerable consumers to enrol in unsuitable courses with promises of free laptops.

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