Defunct Westpac mortgage broker RAMS has reached a settlement in a trade mark stoush with fund manager Real Asset Management.
ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.
Westpac and two other lenders have won their cases alleging they were scammed out of $500 million in loans to the Forum group of companies.
A court has refused leave to appeal a permanent stay of a class action run, funded and led by lawyer Andrew Hamilton against Google and Meta that challenged their crypto ad bans.
Collapsed regional carrier Rex Airlines has won extra time before holding its second creditors meeting, as administrators continue their search for a buyer which would ensure a better deal for the airline’s tens of thousands of creditors.
Aldi has slammed what it says is a novel copyright infringement case alleging the German grocery chain copied the “vibe” of a rival’s snack packaging.
A Sydney doctor has failed to set aside a bankruptcy notice from Dentons in relation to $113,000 in unpaid legal bills, with a judge finding the law firm validly served the notice and that the application to set aside was not filed in time.
A judge has expressed concerns that measures implemented to deal with the large number of Bonza creditors expected at the first creditors meeting on Friday unintentionally “foreclosed” on their right to vote to replace Hall Chadwick as administrators.
Budget Australian airline Bonza owes almost 58,000 customers, 320 employees and 130 suppliers after it was put into voluntary administration last week when aircraft lessors claimed the airline was in default and grounded its planes, a court has heard.
Investment firm London City Equities is seeking to have fellow publicly traded firm Excelsior wound up for alleged shareholder oppression over its decision to sell off a subsidiary for $101 million and not distribute the proceeds.