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Bonza administrators must preserve creditors’ right to replace them despite bar on resolutions: judge
Restructuring & Insolvency 2024-05-09 4:15 pm By Cindy Cameronne

A judge has expressed concerns that measures implemented to deal with the large number of Bonza creditors expected at the first creditors meeting on Friday unintentionally “foreclosed” on their right to vote to replace Hall Chadwick as administrators.

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Bruce Lehrmann had no win, no fee agreement with defamation law firm, court told
Defamation 2024-05-08 12:08 pm By Cindy Cameronne

Bruce Lehrmann had no behind-the-scenes financial backer for his failed and costly defamation case against Network Ten but had entered a no win, no fee arrangement with his solicitors, a court has heard.

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Livestream of Mark Latham trial may be cut off if parties face Lehrmann-like social media backlash
Defamation 2024-05-08 1:21 pm By Cindy Cameronne

Counsel for independent Sydney member Alex Greenwich has raised concerns about livestreaming the trial in his defamation case against former NSW One Nation leader Mark Latham after witnessing the “astonishing” and “very disturbing” social media commentary during the Bruce Lehrmann trial.

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High Court clarifies law on reliance damages in contract spats
Contracts 2024-05-08 3:54 pm By Cindy Cameronne

The High Court has held that a contractor had a “prima facie entitlement” to recoup the costs of building an aircraft hangar in Cessnock, NSW, which it spent in reliance on the local government performing its obligations under their contract, in a case that clarifies how courts should assess reliance damages claims. 

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‘Without precedent’: Failed Bonza Airlines owes 60,000 creditors, court told
Restructuring & Insolvency 2024-05-07 2:02 pm By Cindy Cameronne

Budget Australian airline Bonza owes almost 58,000 customers, 320 employees and 130 suppliers after it was put into voluntary administration last week when aircraft lessors claimed the airline was in default and grounded its planes, a court has heard. 

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Fugitive developer Jean Nassif can’t revive defamation case against 2GB host
Defamation 2024-05-07 3:30 pm By Cindy Cameronne

International fugitive Jean Nassif, who headed troubled property developer Toplace, has lost his bid to reinstate defamation proceedings against Harbour Radio and 2GB host Ray Hadley, with a judge saying there was no evidence he would return to Australia to prosecute the case. 

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Funder’s ‘very large’ cut of $100M AMP class action revealed
Class Actions 2024-05-07 11:01 pm By Cindy Cameronne

The funder of a class action by financial advisers against AMP is seeking a $28.5 million profit from a $100 million settlement, a hefty payout that has prompted the appointment of a contradictor but may survive the scrutiny in light of a recent appeals court decision.

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‘Get the coffees’ request to senior engineer not gender-based harassment, FWC finds
Employment 2024-05-07 11:02 pm By Cindy Cameronne

A request to a female senior engineer for WSP to “get the coffees” during a client meeting did not amount to gender-based harassment, the Fair Work Commission has found in rejecting the engineer’s unfair dismissal claim.

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HWL Ebsworth says ousted lawyer can’t reap benefits of partnership 4 years after expulsion
Business of Law 2024-05-06 2:23 pm By Cindy Cameronne

HWL Ebsworth has argued a former capital partner who was found to have been invalidly expelled in 2020 cannot claim a share of the law firm’s profits from then to now, saying he could not reap the benefits of partnership without the “burdens”.

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London City Equities seeks wind up orders against Excelsior over $101M sale
Corporate 2024-05-06 11:53 pm By Cindy Cameronne

Investment firm London City Equities is seeking to have fellow publicly traded firm Excelsior wound up for alleged shareholder oppression over its decision to sell off a subsidiary for $101 million and not distribute the proceeds.

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