Fitch Ratings has lost its bid for summary dismissal of claims in a class action over allegedly rosy ratings for risky derivative financial products issued 17 years ago on the basis that they are time-barred.
Hastie’s special purpose liquidators have won court approval to enter into a further funding agreement as it pursues cases against Hall & Wilcox, which previously represented the collapsed engineering firm.
US investment firm Stonepeak will acquire a 40 per cent interest in Woodside’s Louisiana liquefied natural gas project, in a deal worth $5.7 billion.
Lander & Rogers is contesting an ex-client’s challenge to a $2.9 million legal bill for work on a construction dispute, seeking a separate hearing to determine the cost court’s jurisdiction over the case.
A unit of Capital Property Group, which owns the Denman Prospect shopping centre in Canberra, has won its bid for subpoenas from lease holders that are fighting its opposition to their plans to sell their businesses.
An appeals court has dismissed a competition case by Mayfield Development against NSW Ports over agreements to privatise two ports, finding that derivative Crown immunity applied to the port authority.
Payments by bottler Schweppes Australia to US drink giant PepsiCo should be assessed as royalty income under tax law, the ATO has told the High Court in a high-stakes case.
A judge has said he is satisfied that GM’s concerns about a class action’s “circular” explanation of alleged design flaws in certain Holden vehicles are “not trivial”.
Maurice Blackburn has reached a pay deal with unionised staff after a heated year-long standoff, which included staff being locked out of work last month.
The owners of a luxury property in Sydney’s Northbridge owe the home’s high-end builder payment of oustanding invoices, after a judge rejected as “absurd” the couple’s construction of a special condition in their contract.