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ANZ, Suncorp gear up for fight with ACCC over $4.9B merger
Competition & Consumer Protection 2023-09-12 11:25 pm By Sam Matthews

A battle with the competition regulator over the proposed ANZ, Suncorp tie-up has begun, with the first clash involving a group of rival lenders that want their submissions to the ACCC kept under lock and key.

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Arrium class action’s potential loss of contingency fee irrelevant to transfer fight, KPMG says
Class Actions 2023-07-27 5:06 pm By Christine Caulfield

The possibility that a NSW judge will revoke a contingency fee order made in a class action over Arrium’s collapse is irrelevant to whether the proceedings should be transferred from Victoria to the appropriate forum, Arrium’s auditor KPMG has told a court.

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High Court revokes special leave in Facebook’s challenge to data breach case
Privacy & Cybersecurity 2023-03-07 11:33 pm By Christine Caulfield

The High Court has revoked special leave to Facebook to challenge a case by the privacy commissioner, finding that the social media giant’s grounds of appeal no longer involved issues of public importance.

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High Court dashes Kupang Resources’ bid to see ex-director’s tax docs
Tax 2022-10-13 3:37 pm By Christine Caulfield

Mineral exploration company Kupang Resources has lost its battle for access to documents produced to the ATO by a former director accused of embezzling millions of dollars.

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High Court to hear Meta’s challenge to Cambridge Analytica case
Privacy & Cybersecurity 2022-09-16 2:08 pm By Christine Caulfield

The High Court will take up Meta’s challenge to the privacy commissioner’s case over the Cambridge Analytica data breach, giving the court the chance to rule on the jurisdictional reach of Australian regulators in their pursuit of US tech giants.

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Inpex can call on $467M bank guarantee in battle with Daewoo over delayed floating gas facility
Energy & Natural Resources 2022-08-30 10:09 pm By Sam Matthews

A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.

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Google cops $60M penalty in location data privacy case
Privacy & Cybersecurity 2022-08-12 11:22 am By Cindy Cameronne

Google has agreed to pay a $60 million penalty in proceedings brought by the Australian Competition and Consumer Commission alleging the tech giant misled users about the collection and use of their location data.

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Kupang Resources takes battle for director’s tax docs to High Court
Energy & Natural Resources 2022-07-22 2:26 pm By Christine Caulfield

Mining company Kupang Resources has asked the High Court to weigh in on its bid for tax office documents as it litigates to recoup millions of dollars allegedly embezzled by the company’s former shadow director.

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Ex-Dick Smith CEO should be liable for approving $28.5M in dividends, appeals court told
Restructuring & Insolvency 2022-05-30 9:30 pm By Cindy Cameronne

The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard. 

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Kupang Resources can’t get tax docs in fight to recoup funds from director Phillip Grimaldi
Tax 2022-05-30 10:30 pm By Cat Fredenburgh

An appeals court has set aside a notice issued to the tax office to produce documents to Kupang Resources as the mining company seeks to claw back millions of dollars allegedly siphoned off by former shadow director Phillip Grimaldi.

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