Contracts

The applicants in a protracted class action against the Commonwealth Bank of Australia brought by borrowers who claim they were forced to default on their commercial loans have lost a bid to amend their pleadings, six years after the case was filed.

Engineering firm CIMIC has agreed to pay $492 million to settle a long-running dispute with JKC Australia over construction for the $45 billion Ichthys LNG project in the Northern Territory.

Australian Mercedes-Benz dealers behind a $650 million lawsuit over the car maker’s decision to move to a fixed-price agency model have lost a bid for an “ambitious number” of dealers to view “super confidential” documents from the company’s head office in Germany.

Law firm Russells has won a bid for further security against former clients in a negligence case over its handling of a shareholder suit against iron ore miner Macarthur Minerals.

The Australian Grand Prix Corporation has been sued by a UK entertainment company alleging the COVID-19 related cancellation of the 2020 Melbourne Formula One led to $8.7 million in losses after a related a concert featuring superstar Robbie Williams was also scrapped.

ASIC did not issue threats to a Sydney security company that was being investigated for links to outlaw bike gangs and defrauding the Commonwealth, according to a judge who found the corporate regulator legally terminated its contracts with the company.

Litigation funder Galactic should receive a $15 million commission for its work on two franchisee class actions against convenience store giant 7-Eleven, instead of the $25 million it has asked for, a court has heard.

An Emirates-owned provider of in-flight catering services has taken Qantas to court claiming it's owed $72.5 million after the airline cut its services during the coronavirus pandemic.

Convenience store giant 7-Eleven must hand over $595,000 to a franchisee found to have signed a franchise agreement and invested almost $796,000 into a Melbourne store under false pretences.

Honda Australia has been hit with a lawsuit by three former dealers over its decision to abandon a dealership model in Australia, the latest car maker to face litigation by car dealers.