In the latest class action loss, a judge has found $165 million in fees charged to members by NAB super fund trustee NULIS Nominees was corporate revenue āwith which it was free to deal as it saw fitā.
Rail freight operator Aurizon has secured ACCC clearance for its proposed acquisition of stevedoring business Flinders Logistics after restructuring the deal.
A judge has rejected a shareholder’s bid to wind up investment firm Keybridge Capital, but allowed it to bring a derivative suit Ā over a $4.75 million advance used for a director to purchase a Lake Como property.
A judge has ordered self-styled real estate mogul Sasha Hopkins to pay a $1.25 million penalty for luring investors to put their life savings into risky property developments.Ā
A former director of investment firm Keystone, who is suspected by the corporate regulator of misusing millions in investor funds, has flagged a potential bid to keep his silence in a case by court-appointed receivers.Ā
Australia’s competition watchdog is concerned Cleanaway’s proposed acquisition of Citywide could reduce competition in the waste management sector.
ASIC has attacked an appeal argument by payday lenders BSF Solutions and Cigno that athough they offered short-term loans, the fees they charged had no link to the credit services.
ASIC has proposed that companies be required to disclose the basis for any forward-looking statements concerning climate, as part of new reporting obligations set to take effect next year.
The competition regulator has given its blessing to the $8.8 billion merger of Chemist Warehouse and Sigma Healthcare, subject to a promise that franchisees will be free to terminate their contracts.
The ACCC has red flags about the acquisition of Japanese healthcare business I’rom Group by private equity behemoth Blackstone.