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Callide explosion report commissioned by Norton Rose not privileged, court says
Energy & Natural Resources 2024-06-13 11:40 pm By Cindy Cameronne

A report into an explosion at a major Queensland power station that left nearly half a million people without power is not protected by legal professional privilege, with a judge finding public statements about the report show it was not commissioned for the dominant purpose of providing legal advice.

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Fees, commission to eat up half of $40M settlement in RCR Tomlinson class action
Class Actions 2024-06-13 4:27 pm By Cindy Cameronne

A judge has approved a $40 million settlement in a shareholder class action against collapsed engineering firm RCR Tomlinson, with almost half of the settlement to go towards a funder’s commission and legal fees. 

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Silk Norman O’Bryan can’t appeal findings of fraud in Banksia class action
Appeals 2024-06-13 11:08 pm By Christine Caulfield

Unable to convince an appeals court that a common law right of appeal exists, disgraced former barrister Norman O’Bryan has failed in his challenge to findings of fraud in a judgment stemming from the Banksia class action saga.

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Griffin Coal receivers dodge misconduct investigation over coal supply agreements
Energy & Natural Resources 2024-06-11 10:33 pm By Cindy Cameronne

The owner of a major coal power station in Western Australia has lost its bid for an inquiry into alleged misconduct by the receivers of collapsed Griffin Coal after they tried to avoid obligations under coal supply agreements, with a judge saying the allegations were “relatively trivial”. 

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Founders of streetwear retailer City Beach win $52M fight with ATO
Tax 2024-06-07 11:24 pm By Sam Matthews

The founders of streetwear retailer City Beach have won a fight with the ATO over the taxation of a $52 million disposal of pre-capital gains tax assets.

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Mawhinney escapes $3.5M bankruptcy action by Mayfair Wealth promoter
Restructuring & Insolvency 2024-06-06 3:01 pm By Cindy Cameronne

Mayfair 101’s James Mawhinney has defeated bankruptcy action by the owner of marketing firm 360 Degree Media, who claimed the founder of the beleaguered wealth management business owed him $3.5 million. 

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ASIC scores third straight win in greenwashing cases
Greenwashing 2024-06-05 9:55 pm By Sam Matthews

The corporate regulator is on a winning streak in its greenwashing cases, with a judge rejecting Active Super’s attempt to qualify its “unequivocal” statements about limiting its investment in companies connected to gambling and coal mining.

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Garuda Airlines immune from creditor’s winding up bid, High Court says
High Court 2024-06-05 11:08 pm By Sam Matthews

The High Court has dismissed an appeal of a decision which found Indonesia’s national airline could avail itself of foreign state immunity to defeat a winding up application.

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High Court clarifies ‘dominant use’ in land tax exemption for animal farms
Appeals 2024-06-05 11:02 pm By Sam Matthews

Unanimously dismissing an appeal by thoroughbred breeding and horseracing giant Godolphin, the High Court has ruled on the proper construction of a tax exemption for rural land in NSW.

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Pacific Werribee shopping centre owners mull $335M suit against Probuild
Construction 2024-06-05 2:24 pm By Cindy Cameronne

The co-owners of Pacific Werribee shopping centre in Victoria have largely won their bid for insurance documents as they weigh a second case against collapsed construction company, allegedly worth up to $335 million. 

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