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Banks lose cases against directors over $2.8B collapse of steel giant Arrium
Restructuring & Insolvency 2021-08-17 12:15 pm By Christine Caulfield

A judge has dismissed two cases brought by the Commonwealth Bank, Westpac and other lenders against directors of the failed steel giant Arrium, saying he was not satisfied the directors’ representations on loan drawdown notices were false or that the company was insolvent when it went into voluntary administration in April 2016.

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HWL Ebsworth, Vannin targeted in latest dispute over Queensland Nickel joint venture
Restructuring & Insolvency 2021-08-16 2:26 pm By Miklos Bolza

Three Clive Palmer-owned companies have filed a breach of trust lawsuit against HWL Ebsworth, funder Vannin Capital and the liquidators of Queensland Nickel attempting to recoup $102 million transferred after the billionaire suffered a courtroom defeat earlier this year.

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Ashurst beefs up financial regulation team with consumer credit ace from HWL Ebsworth
Financial Services 2021-08-16 7:01 pm By Bianca Hrovat

Ashurst is expanding its financial regulation practice with the appointment of consumer credit expert Hong-Viet Nguyen from HWL Ebsworth Lawyers.

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Corestaff can’t get insurer to cover future class action judgment
Insurance 2021-08-12 10:19 am By Miklos Bolza

A court has ruled that labour hire firm CoreStaff cannot rely on its professional indemnity insurance to cover judgment against it in an employment class action alleging itmisled workers who relocated from Papua New Guinea to Australia for work.

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Plastic surgeon wins $450,000 in damages for ‘online tirade of criticism’
Defamation 2021-08-11 10:21 pm By Christine Caulfield

A plastic surgeon who was subjected to an “online tirade of criticism, negative reviews and abuse” by a former patient has won $450,000 in defamation damages.

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Two years is too long, says judge in Willis Towers Watson restraint of trade dispute
Employment 2021-08-03 10:47 pm By Christine Caulfield

Financial services giant Willis Towers Watson ordered a former executive to lie to clients on his way out of the organisation and imposed an “unreasonable” two-year employment restraint, a NSW Supreme Court has found.

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Culture Kings steps out of the ring, resolves Mike Tyson suit over ‘misleading’ T-shirts
Intellectual Property 2021-07-29 1:42 pm By Bianca Hrovat

Streetwear retailer Culture Kings has resolved a lawsuit brought by former world boxing champion Mike Tyson alleging the company misled consumers by using his image on its T-shirts.

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ISignthis CEO John Karantzis takes ATO to court to get $4.2M shaved off tax bill
Tax 2021-07-19 10:21 pm By Cat Fredenburgh

ISignthis CEO John Karantzis has filed court proceedings against the ATO seeking to have $4.2 million lopped off his tax bill for the 2015 financial year.

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Clive Palmer takes fight with Queensland Nickel liquidators over $102M debt to High Court
Restructuring & Insolvency 2021-07-16 10:33 pm By Miklos Bolza

Clive Palmer will seek special leave from the High Court to appeal a ruling from the Queensland Court of Appeal ordering him to return $102 million borrowed before the collapse of Queensland Nickel in 2016, and has demanded that the company’s liquidators return the money he paid following the ruling.

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Forum Group director stuck overseas after testing positive for COVID-19, court hears
Financial Services 2021-07-15 10:01 pm By Miklos Bolza

The director of the Forum Group companies accused of a $360 million fraud involving at least three major banks can’t return to Australia from Greece because he has COVID-19, his lawyer has told the Federal Court.

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