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Judges have power to make soft class closure orders, High Court says
Class Actions 2025-05-07 10:54 am By Cindy Cameronne

Resolving a split between courts, the High Court has confirmed that judges have power to make soft class closure orders, which require class action members to register before mediation to participate in any resulting settlement.

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Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
Real Estate 2025-04-11 11:27 pm By Sam Matthews

An appeals court has rejected Dexus’ challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.

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Dexus tells appeals court judge erred in fight with Macquarie over $1.7B shopping centre
Real Estate 2025-03-31 3:29 pm By Cindy Cameronne

A Dexus property fund has argued that a judge went the “wrong way” in deciding that it was forced to sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail. 

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ASIC, Noumi privilege win gives comfort to companies mulling VDAs
Analysis 2025-02-14 11:34 pm By Christine Caulfield

A finding that Noumi’s production of a PwC report to ASIC didn’t constitute waiver of privilege provides clarity that voluntary disclosure agreements can protect confidential information, but care must still be taken, lawyers say.

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India wins foreign state immunity appeal in fight over $111.3M arbitral award
Arbitration 2025-01-31 10:32 pm By Sam Matthews

The government of India has overturned a finding that it couldn’t dodge a $111.3 million arbitral award in a dispute with three Mauritian companies, with an appeals court finding it did not waive foreign state immunity in the case.  

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Top 10 class action settlements of 2024
Class Actions 2025-01-03 7:25 pm By Cindy Cameronne

Class action settlements leaped in value last year, with three settlements topping the $200 million mark.

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Toyota unit Hino to pay $87M to settle emissions cheating class action
Class Actions 2025-01-03 5:51 pm By Cindy Cameronne

Hino Motors has agreed to pay $87 million to settle a consumer class action alleging it misrepresented that its vehicles met Australian emissions and road standards over a 20-year period.

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ASIC, Noumi win appeal in privilege fight over PwC report
Securities 2024-12-20 5:45 pm By Andy Sidler

An appeals court has overturned a finding that food company Noumi waived privilege over a PwC report commissioned by Ashurst, which it produced to ASIC under voluntary disclosure.

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CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

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Judgment in CBA class actions could affect insider trading cases, Full Court told
Class Actions 2024-11-19 11:42 pm By Sam Matthews

The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could have “troubling” repercussions for insider trading cases and must be overturned.

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