Swiss fintech Temenos has partially won its bid to view legal advice received by the Northern Inland Credit Union in a lawsuit alleging the cloud banking provider made misleading representations during negotiations for the installation of a new core banking system.
US digital giant Meta has lost its challenge to registration of the trade mark ‘Ausface’ by Clive Palmer’s Mineralogy, with a delegate saying the chance of consumers confusing the mark with Meta’s Facebook was a âmere possibilityâ.
Senior restructuring and insolvency lawyers have welcomed a novel ruling that found a liquidator was entitled to claim his costs ahead of the preferred claims of company employees, but questions remain about the “potentially difficult” interaction between two conflicting priority regimes.
In a novel decision, a judge has found that a liquidator is entitled to claim his âarguably disproportionateâ costs ahead of the preferred claims of company employees.
Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a âno brainerâ that the company was in dire straits when its directors sought extra funds.
Chaser star Julian Morrow engaged in misleading and deceptive conduct and breached his directorial duties by taking over a joint venture behind the hit ABC consumer affairs program The Checkout while hiding the fact that he was negotiating a seventh season of the series, a court has found.
A group of banks that failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse have been ordered to pay indemnity costs after a court found they rejected $10 million settlement offers three days into the trial.
A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he was not satisfied the directors’ representations on loan drawdown notices were false or that the company was insolvent when it went into voluntary administration in April 2016.
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was “substantial”, the deal involved a “substantial compromise”.
A judge has criticised the Australian Broadcasting Corporation for âill advisedâ redactions in documents produced in a dispute between the producers of the consumer affairs television series The Checkout.