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In win for ASIC, court finds rent-to-own leases were credit agreements
Competition & Consumer Protection 2024-09-04 11:16 pm By Andy Sidler

A court has held that a ā€œnuancedā€ business model used by a rental company providing long-term leases to often vulnerable consumer for household items breached the Credit Act, finding the loan agreements were in substance credit contracts. Federal Court Justice Lisa Hespe found on Wednesday that Rent4Keeps attempted to avoid being caught by the Credit…

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Christie Whelan Browne resolves suit against Rocky Horror theatre company
Entertainment 2024-09-04 11:46 am By Cat Fredenburgh

Actor Christie Whelan Browne has resolved a lawsuit against theatre company Oldfield Entertainment alleging it violating the Sex Discrimination Act by subjecting her to sexual discrimination and harassment by fellow cast member Craig McLachlan during its 2014 production of the Rocky Horror Show.

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ASIC says Paladin director can’t rely on penalty privilege
ASIC 2024-09-04 11:06 pm By Sam Matthews

The Australian Securities and Investments Commission has argued the relief sought in proceedings against the director of two Paladin Group units does not constitute a penalty, as it challenges his reliance on the privilege against self-exposure to penalty.

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Michael Hill wins appeal in $2.3M spat with packaging supplier
Bronte Lambourne 2024-09-04 11:22 pm By Andy Sidler

Michael Hill has won its challenge to a decision that found the jewellery retailer breached an exclusivity clause and minimum order requirements in a sales agreement with a packaging supplier.Ā 

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Sleeping Duck shareholder rejected $4M settlement in failed oppression suit
Securities 2024-09-04 11:32 pm By Andy Sidler

A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.

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Whitehaven Coal shareholders ‘trapped’ after 2012 acquisition, class action trial told
Trials 2024-09-03 11:45 pm By Cindy Cameronne

Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.

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Gilbert + Tobin loses Toyota, Jaguar class actions after partner jumps ship
Business of Law 2024-09-03 8:08 pm By Cat Fredenburgh

A disputes partner has departed Gilbert + Tobin, taking with him two high-stakes class actions against Toyota and Jaguar over alleged diesel filter defects and the firm says it will not focus on bringing more class actions.

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Judge rejects NABā€™s bid for class closure in Walton class action
Class Actions 2024-09-03 1:43 pm By Sam Matthews

The judge overseeing an $100 million class action against NAB over the collapse of Walton Construction has rejected the bankā€™s bid for soft class closure ahead of mediation.

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Ord Minnett lobs cross-claim against former executive
Employment 2024-09-03 11:47 pm By Sam Matthews

Wealth investment firm Ord Minnett has filed a cross-claim arguing a former executive who claims he was sacked for complaining about a $110,000 cut in his pay imposed after ASIC slapped the firm with a penalty for breaching market rules.

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Pakistan to oppose India’s latest bid for ‘Basmati’ trade mark
Intellectual Property 2024-09-03 11:42 pm By Andy Sidler

The Pakistani government’s opposition to India’s attempt to register a composite ‘Basmati’ trade mark will go on despite filing delays, with a delegate finding it was in the public interest to allow the opposition.

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