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NSW Ports slams ACCC’s competition constraint claims as ‘slight or hypothetical’
Competition & Consumer Protection 2019-07-19 3:38 pm By Miklos Bolza

NSW Ports Operations has denied claims that an agreement for the privatisation of its subsidiaries Port Botany and Port Kembla stymied competition, describing the allegations made by the Australian Competition and Consumer Commission as “slight or hypothetical”.

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Ex-MP Emma Husar ‘very close’ to settling defamation case against Buzzfeed
Defamation 2019-07-19 3:22 pm By Amelia Birnie

Lawyers for media outlet Buzzfeed say they are “very close” to settling a defamation case brought by former Labor MP Emma Husar, over an article that accused her of sexual harassment and exposing herself in a manner made famous by Sharon Stone in the movie Basic Instinct.

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Judge refuses ‘queue jumping’ request in Sirtex CEO insider trading case
White Collar 2019-07-19 1:12 pm By Miklos Bolza

An application by the former boss of Sirtex Medical for a sentencing date in the insider trading case against him has raised the ire of a NSW District Court judge, who called the bid premature and an attempt to jump the queue.

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Fitch settles investor class action over credit ratings on toxic SCDOs
Exclusive 2019-07-19 10:56 am By Christine Caulfield

Fitch Ratings has agreed to settle the last of the investor class actions in Australia flowing from the global financial crisis, a court heard Friday.

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Judge slashes compensation with $50M payout in WestConnex land dispute
Real Estate 2019-07-18 9:01 pm By Miklos Bolza

Two companies owned by the ex-director of Dial A Dump have failed in a bid to secure $584 million in compensation for land compulsorily acquired by the NSW Government for the WestConnex project, with the court granting them less than 10 per cent of that amount.

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Judge dismisses ‘puzzling’ bid to boot FW Projects liquidators
Restructuring & Insolvency 2019-07-18 8:49 pm By Miklos Bolza

Two construction companies have lost what a court has called a “puzzling” bid to oust the liquidators of collapsed FW Projects amidst a legal battle in the NSW Supreme Court over the property developer’s remaining assets.

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Vocus to refund customers over misleading claims for second time in a month
Competition & Consumer Protection 2019-07-18 5:01 pm By Amelia Birnie

Vocus Group’s energy brands Dodo and CovaU have promised to refund their customers after being been fined more than $50,000 by the consumer watchdog over allegedly misleading claims about percentage discounts on energy plans.

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ASIC wants ban on unsolicited insurance sales calls
Insurance 2019-07-18 4:03 pm By Amelia Birnie

The corporate watchdog has proposed a complete ban on unsolicited telephone sales of life insurance and consumer credit insurance, as an urgent placeholder ahead of wider reforms recommended after last year’s banking royal commission.

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Celebrity chef George Calombaris back-pays $7.8 million to underpaid staff
Employment 2019-07-18 2:24 pm By Amelia Birnie

The Melbourne restaurant group founded by celebrity chef George Calombaris has back-paid $7.8 million to more than 500 workers, after a Fair Work investigation uncovered significant staff underpayments.

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Guy Sebastian’s former manager admits to owing singer money, court hears
Entertainment 2019-07-18 1:25 pm By Miklos Bolza

Titus Day, former manager of pop star Guy Sebastian, admits that certain payments for promotional work should have been made to the singer, a court has heard.

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