MinterEllison

A judge has scolded former directors of Mosaic Brands after they failed to comply with orders made last week ahead of a 10-day public examination as special purpose liquidators investigate $196 million in potential insolvent trading claims and directors duty breach claims.

Property manager Fortius has lost its bid to bring negligence claims under NSW's Design and Building Practitioners Act against certifier City Plan Services in defects litigation over the One Central Park development in Sydney.

A judge has declined to grant an injunction to stop Southern Cross Gold unit Clonbinane Goldfield from commencing works on its Sunday Creek exploration tunnel project until a challenge to the government’s approval is resolved.

Baggage handling company Alstef Australia says the operator of Brisbane Airport is not entitled to call on $13.4 million in bank guarantees, claiming it is owed $32 million in a dispute over a baggage system upgrade at the airport’s domestic terminal.

A judge has approved a $35 million penalty against HSBC in ASIC’s novel case over the bank's scam protection failures, despite questioning whether the punishment was severe enough given how long the case took to settle.

HSBC has agreed to pay a $35 million penalty in ASIC proceedings after it admitted to serious failures in protecting customers from scams, but a judge is questioning whether the penalty is high enough. 

Former directors of failed clothing retailer Mosaic Brands are claiming privilege over retainer letters between Deloitte and the company as special purpose liquidators investigate potential insolvent trading and directors duty breach claims.

MinterEllison has elevated seven lawyers to its partnership, including four disputes specialists, as the firm anticipates litigation over major projects and AI-related class actions.

Kicking off its case against former Noumi CEO Rory Macleod, ASIC has told the court that Macleod was clearly aware of the "dramatic" difference between actual available stock and what was reported to the market in 2019 and 2020.

Airport baggage handling company Alstef Australia is trying to halt Brisbane Airport Corporation from calling on $13.4  million in bank guarantees, in a dispute over a contract for works to upgrade the baggage system at the airport's domestic terminal.