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Mayfair’s ex-lawyers may fight claim that ‘flagrant incompetence’ led to court loss
Former legal representatives of companies in the Mayfair 101 group are considering an application to strike out part of an appeal that alleges their “flagrant incompetence” led to director James Mawhinney copping a 20-year ban on soliciting investor funds.
JWS lures tax partners from Deloitte, KPMG Law
Johnson Winter & Slattery has snagged two tax bigwigs from Deloitte and KPMG Law to meet growing client demand for tax advice from law firms.
High Court won’t save Lex Greensill from tax on $58M in capital gains
The High Court has shot down Greensill founder Lex Greensill's bid for special leave to challenge a finding that he owes tax on $58 million in capital gains, including income from the sale of shares in the collapsed UK-based supply chain finance company.
Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.
BHP unit’s Christmas Day work requirement reasonable, court says
A court has shut down action by the CFMEU  on behalf of coal miners who were rostered to work Christmas Day and Boxing Day at the Daunia Mine in central Queensland in 2019.
Senator Matt Canavan’s brother can probe claims against Glencore
The brother of Liberal Senator and former resources minister Matt Canavan can investigate potential claims against Glencore in his long running legal spat over the Rolleston coal mine, after a court greenlit his bid for the appointment of special purpose liquidators.
Mesoblast faces fresh class action investigation over stem cell therapy claims
A second class action investigation against regenerative medicine company Mesoblast is underway, this one looking at claim it misled shareholders about the potential application of a developmental stem cell product to treat terminally-ill children.
PepsiCo takes ATO to court for taxing bottling payments by Schweppes
PepsiCo has launched proceedings disputing claims by the Australian Taxation Office that amounts paid by Schweppes for local bottling and distribution services were royalties and had to be taxed accordingly.
Lawyers plan second class action against Scenic Tours over disrupted European cruises
Scenic Tours is facing a potential second class action over a series of European cruises that went ahead in 2018 despite a record-breaking drought that saw river levels drop so low they became impassable.
Wotif founder ordered to pay $15M in aquaculture share dispute
Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.