The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard.
Former secretary and general counsel for Noumi, formerly known as Freedom Foods, has dropped her unfair dismissal lawsuit after the maker of the popular Vitalife and MilkLab products tossed claims accusing her of serious misconduct.
Noumi, the company formerly known as Freedom Foods, has dropped defence claims that it was entitled to sack its former secretary and group general counsel for serious misconduct.
Hall & Wilcox has appointed a new partner to join its real estate practice in Brisbane, the second partner appointment in as many months at the firm’s Queen Street offices.
Moray & Agnew is facing a lawsuit by a former client who says the firm breached its duties by making an unauthorised $3.3 million transfer while representing him on an investment in a Melbourne storage facility development.
Hall & Wilcox has bolstered its insurance practice with the appointment of new partner Priya Paquet, who will be based at the firm’s Brisbane office.
The High Court will hear a challenge by Western Power to an appeals court judgment which found that the state-owned electricity supplier breached its duty of care to inspect power poles on private land and was partly liable for property damage from the 2014 Perth Hills bushfire.
Online trading platform IronFX has won its action against the Australian Financial Complaints Authority over a finding it wrongfully caused an 83 year-old French resident to lose his life savings.
Hall & Wilcox has lured a senior finance, corporate and regulatory lawyer from the Reserve Bank of Australia, in what is being described as a major coup for the practice.
The law firms and barristers who defended former Dick Smith directors in sprawling litigation over the failure of the electronics retailer earned close to $68 million in fees, a court has heard.