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High Court won’t save Lex Greensill from tax on $58M in capital gains
Tax 2022-02-24 2:19 pm By Cat Fredenburgh

The High Court has shot down Greensill founder Lex Greensill’s bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.

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Qantas decision to outsource staff not linked to strike action threat, court told
Employment 2022-02-24 10:22 pm By Miklos Bolza

A decision by Qantas to outsource its ground staff was not timed to head off industrial action by the Transport Workers’ Union, the Full Federal Court has heard as the airline seeks to overturn a finding that it engaged in adverse action when it terminated around 1,800 employees last year.

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ACCC weighs ‘mix and match’ sell-off in Cargotec, Konecranes merger
Competition & Consumer Protection 2022-02-24 11:06 pm By Sam Matthews

The Australian Competition and Consumer Commission is weighing court enforceable undertakings proposed by Finnish cargo handling companies Cargotec and Konecranes to alleviate concerns their merger would be anticompetitive.

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Leading M&A lawyer elected chair of MinterEllison
Business of Law 2022-02-24 9:46 pm By Bianca Hrovat

Australia’s largest law firm MinterEllison has announced the election of leading mergers and acquisitions and government practice lawyer Andrew Rentoul to the position of chairman.

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Mesoblast faces fresh class action investigation over stem cell therapy claims
Class Actions 2022-02-23 3:56 pm By Bianca Hrovat

A second class action investigation against regenerative medicine company Mesoblast is underway, this one looking at claim it misled shareholders about the potential application of a developmental stem cell product to treat terminally-ill children.

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PepsiCo takes ATO to court for taxing bottling payments by Schweppes
Tax 2022-02-23 3:30 pm By Miklos Bolza

PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.

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Senator Matt Canavan’s brother can probe claims against Glencore
Restructuring & Insolvency 2022-02-23 6:16 pm By Miklos Bolza

The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.

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Lawyers plan second class action against Scenic Tours over disrupted European cruises
Class Actions 2022-02-23 2:52 pm By Bianca Hrovat

Scenic Tours is facing a potential second class action over a series of European cruises that went ahead in 2018 despite a record-breaking drought that saw river levels drop so low they became impassable.

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BHP unit’s Christmas Day work requirement reasonable, court says
Employment 2022-02-23 7:31 pm By Sam Matthews

A court has shut down action by the CFMEU  on behalf of coal miners who were rostered to work Christmas Day and Boxing Day at the Daunia Mine in central Queensland in 2019.

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Wotif founder ordered to pay $15M in aquaculture share dispute
Corporate 2022-02-23 2:28 pm By Miklos Bolza

Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.

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