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Virgin Australia's administrators have whittled down the list of eligible bidders for the struggling airline to two, with investment firm Bain Capital and private equity investor Cyrus Capital Partners the only potential purchasers allowed to make final offers.
Treasury Wine Estates will seek to shut down a shareholder class action brought by Maurice Blackburn after accusing the law firm of breaching its obligations and using documents from a prior lawsuit against the global wine distributor in the current proceedings.
A court has dismissed a "harsh and draconian" class closure order sought by German cladding manufacturer 3A Composites in a class action against it over allegedly combustible cladding.
Former Dover Financial director Terry McMaster on Monday admitted to personally drafting a so-called client protection policy described by a judge as an "exercise in Orwellian doublespeak", as the court heard evidence that the defunct financial firm ignored red flags raised by two law firms about the policy.
Australian bookmaker Sportsbet has filed a lawsuit against betting competitor Sportsbetting.com.au for alleged trade mark infringement and consumer law violations.
The Australian Competition and Consumer Commission said competition by smaller airlines was essential 'now, more than ever' as the airline industry undergoes a major upheaval due to the coronavirus and the administration of Virgin Airlines, and vowed to continue its probe of Qantas' 19.9 per cent stake in Alliance Airlines.
The High Court will not weigh in on a jurisdictional challenge by the Democratic Republic of East Timor to a lawsuit brought by Australian oil and gas company Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply agreement.
The High Court has declined Fortescue Metals' bid for special leave to appeal a ruling that granted native title to the Yinjibarndi people over a large section of land in the Pilbara region of Western Australia.
The Federal Court has granted ASIC a legal win against Bendigo and Adelaide Bank, finding that its small business loan contracts were unfair and created a "significant imbalance" that was likely to detriment customers.
The prefab concrete company dragged into a class action over the ill-fated Opal Tower has launched its own legal volley against the engineering consultant behind the building design.